Argan (AGX) Expected to Announce Quarterly Earnings on Thursday

Argan (NYSE:AGX) is expected to announce its earnings results after the market closes on Thursday, March 27th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $197.50 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Argan Stock Up 7.2 %

AGX stock opened at $129.26 on Tuesday. Argan has a twelve month low of $48.85 and a twelve month high of $191.46. The company has a market cap of $1.75 billion, a P/E ratio of 27.04 and a beta of 0.58. The business has a fifty day moving average of $139.97 and a 200-day moving average of $134.11.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AGX. CJS Securities restated a “market perform” rating and set a $150.00 target price on shares of Argan in a research report on Friday, December 6th. Lake Street Capital lowered shares of Argan from a “buy” rating to a “hold” rating and increased their price objective for the company from $85.00 to $150.00 in a report on Tuesday, December 3rd.

Insider Transactions at Argan

In other news, CFO Richard H. Deily sold 2,000 shares of Argan stock in a transaction dated Wednesday, January 8th. The stock was 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. The trade was a 17.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter W. Getsinger sold 7,385 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $165.29, for a total value of $1,220,666.65. Following the sale, the director now directly owns 11,792 shares of the company’s stock, valued at approximately $1,949,099.68. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,185 shares of company stock valued at $1,644,859 over the last three months. 11.85% of the stock is currently owned by corporate insiders.

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.