Argan (AGX) Expected to Announce Earnings on Wednesday

Argan (NYSE:AGX) is expected to issue its quarterly earnings data 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. Parties interested in registering for the company’s conference call can do so using this link.

Argan (NYSE:AGX) last issued its earnings results on Thursday, March 27th. The construction company reported $2.22 earnings per share for the quarter, topping 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. The company’s revenue was up 41.3% compared to the same quarter last year.

Argan Stock Performance

AGX stock opened at $134.42 on Wednesday. The firm has a market cap of $1.82 billion, a P/E ratio of 28.12 and a beta of 0.58. Argan has a 1 year low of $48.85 and a 1 year high of $191.46. The stock has a 50-day simple moving average of $134.12 and a 200-day simple moving average of $135.69.

Wall Street Analyst Weigh In

Several analysts have issued reports on AGX shares. CJS Securities reaffirmed a “market perform” rating and issued a $150.00 price objective on shares of Argan in a research report on Friday, December 6th. Lake Street Capital raised shares of Argan from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Friday, March 28th.

Insider Buying and Selling

In related news, Director Peter W. Getsinger sold 7,385 shares of Argan stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $165.29, for a total value of $1,220,666.65. Following the completion of the sale, the director now owns 11,792 shares in the company, valued at approximately $1,949,099.68. The trade was a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard H. Deily sold 2,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 9,367 shares in the company, valued at $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 90 days, insiders have sold 10,185 shares of company stock worth $1,644,859. 11.85% of the stock is currently owned by corporate insiders.

About Argan

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.