Argan (AGX) Expected to Announce Earnings on Wednesday

Argan (NYSE:AGX) is anticipated to announce its earnings results before the market opens on Wednesday, April 9th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $197.50 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Argan (NYSE:AGX) last issued its quarterly earnings results on Thursday, March 27th. The construction company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.15 by $1.07. Argan had a return on equity of 21.66% and a net margin of 8.20%. The company had revenue of $232.47 million during the quarter, compared to the consensus estimate of $197.50 million. Argan’s revenue for the quarter was up 41.3% compared to the same quarter last year.

Argan Stock Down 6.3 %

AGX stock opened at $120.60 on Monday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 25.23 and a beta of 0.58. Argan has a 52-week low of $48.85 and a 52-week high of $191.46. The stock’s fifty day simple moving average is $131.32 and its 200-day simple moving average is $136.52.

Analyst Ratings Changes

Separately, Lake Street Capital raised Argan from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, March 28th.

Insider Buying and Selling

In other Argan news, Director Peter W. Getsinger sold 800 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $155.24, for a total transaction of $124,192.00. Following the completion of the sale, the director now owns 19,177 shares of the company’s stock, valued at approximately $2,977,037.48. The trade was a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard H. Deily sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 9,367 shares in the company, valued at approximately $1,405,050. This trade represents a 17.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,185 shares of company stock valued at $1,644,859. Insiders own 11.85% of the company’s stock.

Argan Company Profile

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments. The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 18 gigawatts of power-generating capacity.