Argan (AGX) Expected to Announce Quarterly Earnings on Thursday

Argan (NYSE:AGX) will likely be announcing its earnings results before the market opens 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. Investors interested in registering for the company’s conference call can do so using this link.

Argan Stock Performance

Shares of AGX opened at $122.09 on Thursday. Argan has a twelve month low of $48.85 and a twelve month high of $191.46. The firm’s 50 day moving average price is $141.98 and its two-hundred day moving average price is $132.64. The firm has a market cap of $1.66 billion, a P/E ratio of 25.54 and a beta of 0.58.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AGX shares. CJS Securities reiterated a “market perform” rating and issued a $150.00 price objective on shares of Argan in a report on Friday, December 6th. Lake Street Capital downgraded shares of Argan from a “buy” rating to a “hold” rating and lifted their price objective for the company from $85.00 to $150.00 in a report on Tuesday, December 3rd.

Insider Activity

In related news, Director Peter W. Getsinger sold 7,385 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $165.29, for a total transaction of $1,220,666.65. Following the transaction, the director now directly 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 hyperlink. Also, CFO Richard H. Deily sold 2,000 shares of the business’s stock in a transaction on 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 approximately $1,405,050. The trade was a 17.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,185 shares of company stock worth $1,644,859 over the last ninety days. Insiders own 11.85% of the company’s stock.

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.