Argan (NYSE:AGX) Releases Earnings Results, Beats Estimates By $0.33 EPS

Argan (NYSE:AGX) issued its quarterly earnings results on Monday. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.33, Fidelity Earnings reports. Argan had a net margin of 6.08% and a return on equity of 7.26%.

Shares of NYSE:AGX opened at $49.16 on Wednesday. The firm has a market capitalization of $775.25 million, a price-to-earnings ratio of 32.56 and a beta of 0.54. The business’s fifty day simple moving average is $50.71. Argan has a 52 week low of $39.15 and a 52 week high of $55.99.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Thursday, April 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%.

In related news, CFO David Hibbert Watson sold 939 shares of the business’s stock in a transaction on Monday, April 19th. The shares were sold at an average price of $54.18, for a total value of $50,875.02. Following the transaction, the chief financial officer now owns 20,748 shares in the company, valued at $1,124,126.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mano S. Koilpillai sold 522 shares of the business’s stock in a transaction on Tuesday, April 27th. The shares were sold at an average price of $49.94, for a total transaction of $26,068.68. Following the completion of the transaction, the director now owns 2,631 shares in the company, valued at approximately $131,392.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,461 shares of company stock worth $865,944. 8.50% of the stock is owned by company insiders.

About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through three segments: Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services.

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Earnings History for Argan (NYSE:AGX)

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