Argan (AGX) Issues Earnings Results

Argan (NYSE:AGX) announced its earnings results on Thursday. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.28), Bloomberg Earnings reports. The business had revenue of $169.58 million for the quarter, compared to analyst estimates of $159.30 million. Argan had a return on equity of 21.25% and a net margin of 8.07%. The business’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS.

Shares of AGX opened at $37.60 on Friday. The stock has a market cap of $572.19, a price-to-earnings ratio of 7.98 and a beta of 0.90. Argan has a 12-month low of $36.30 and a 12-month high of $72.13.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, April 19th.

A number of equities analysts have issued reports on AGX shares. Lake Street Capital upgraded shares of Argan from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, March 28th. TheStreet cut shares of Argan from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th.

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About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company's Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, start-up, and operation services for approximately 76 facilities with approximately 14,500 megawatts of power-generating capacity.

Earnings History for Argan (NYSE:AGX)

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