Brokerages expect Archrock Partners LP (NASDAQ:APLP) to announce $142.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Archrock Partners’ earnings, with estimates ranging from $142.07 million to $143.07 million. Archrock Partners reported sales of $135.41 million during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is expected to issue its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Archrock Partners will report full year sales of $142.57 million for the current financial year, with estimates ranging from $557.81 million to $558.81 million. For the next financial year, analysts forecast that the business will report sales of $619.39 million per share, with estimates ranging from $612.00 million to $626.78 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Archrock Partners.

Archrock Partners (NASDAQ:APLP) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). Archrock Partners had a negative net margin of 3.10% and a positive return on equity of 4.32%. The business had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $141.37 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s revenue was up 3.5% on a year-over-year basis.

Several analysts recently issued reports on APLP shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Archrock Partners in a research note on Wednesday, September 27th. JPMorgan Chase & Co. lowered shares of Archrock Partners from an “overweight” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Thursday, January 4th. BidaskClub upgraded shares of Archrock Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Archrock Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Archrock Partners in a report on Thursday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Archrock Partners currently has a consensus rating of “Hold” and an average price target of $16.10.

A number of large investors have recently bought and sold shares of APLP. Americafirst Capital Management LLC acquired a new position in Archrock Partners in the 2nd quarter valued at about $146,000. Franklin Square Holdings L.P. acquired a new position in Archrock Partners in the 3rd quarter valued at about $214,000. Raymond James Financial Services Advisors Inc. acquired a new position in Archrock Partners in the 3rd quarter valued at about $218,000. Royal Bank of Canada boosted its holdings in Archrock Partners by 2.7% in the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after purchasing an additional 486 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Archrock Partners in the 3rd quarter valued at about $338,000. Institutional investors own 46.75% of the company’s stock.

Shares of Archrock Partners (NASDAQ APLP) opened at $13.87 on Friday. Archrock Partners has a one year low of $10.58 and a one year high of $18.40. The stock has a market cap of $973.48, a PE ratio of -53.35, a P/E/G ratio of 1.06 and a beta of 2.19. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.33 and a current ratio of 1.33.

WARNING: “$142.57 Million in Sales Expected for Archrock Partners LP (APLP) This Quarter” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://theolympiareport.com/2018/01/20/142-57-million-in-sales-expected-for-archrock-partners-lp-aplp-this-quarter.html.

About Archrock Partners

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.

Get a free copy of the Zacks research report on Archrock Partners (APLP)

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.