Equities research analysts forecast that Archrock Partners LP (NASDAQ:APLP) will report sales of $142.57 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Archrock Partners’ earnings, with estimates ranging from $142.07 million to $143.07 million. Archrock Partners posted sales of $135.41 million during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Archrock Partners will report full year sales of $142.57 million for the current fiscal year, with estimates ranging from $557.81 million to $558.81 million. For the next fiscal year, analysts forecast that the firm will report sales of $619.39 million per share, with estimates ranging from $612.00 million to $626.78 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Archrock Partners.
Archrock Partners (NASDAQ:APLP) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). The firm had revenue of $140.19 million during the quarter, compared to analyst estimates of $141.37 million. Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. Archrock Partners’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Archrock Partners by 2.7% during the second quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock worth $272,000 after buying an additional 486 shares during the last quarter. Americafirst Capital Management LLC bought a new position in shares of Archrock Partners during the 2nd quarter valued at about $146,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Archrock Partners by 2.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 491,104 shares of the energy company’s stock valued at $7,003,000 after purchasing an additional 10,049 shares in the last quarter. Franklin Square Holdings L.P. bought a new position in shares of Archrock Partners during the 3rd quarter valued at about $214,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Archrock Partners during the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 46.75% of the company’s stock.
Shares of Archrock Partners (NASDAQ APLP) opened at $13.87 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $973.48, a PE ratio of -53.35, a P/E/G ratio of 1.06 and a beta of 2.19. Archrock Partners has a 12-month low of $10.58 and a 12-month high of $18.40.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/20/archrock-partners-lp-aplp-expected-to-announce-quarterly-sales-of-142-57-million.html.
Archrock Partners Company Profile
Archrock Partners, L.P. is engaged in natural gas compression industry in the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Archrock Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock Partners and related companies with MarketBeat.com's FREE daily email newsletter.