Press coverage about Argan (NYSE:AGX) has been trending positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Argan earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Shares of Argan (NYSE AGX) opened at 60.70 on Friday. The stock’s 50 day moving average is $64.64 and its 200-day moving average is $68.22. The firm has a market capitalization of $942.00 million, a P/E ratio of 12.18 and a beta of 0.91. Argan has a 52-week low of $38.83 and a 52-week high of $76.70.
Argan (NYSE:AGX) last posted its quarterly earnings data on Wednesday, June 7th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.42. The business had revenue of $230.49 million during the quarter, compared to analysts’ expectations of $183.10 million. Argan had a net margin of 10.15% and a return on equity of 27.78%. Argan’s revenue for the quarter was up 76.8% compared to the same quarter last year. On average, equities analysts forecast that Argan will post $4.28 earnings per share for the current fiscal year.
Separately, Lake Street Capital lifted their price target on shares of Argan from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, June 8th.
ILLEGAL ACTIVITY NOTICE: “Argan (AGX) Earning Positive Media Coverage, Accern Reports” was first reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/argan-agx-earning-positive-media-coverage-accern-reports/1092034.html.
In related news, CFO David Hibbert Watson sold 8,650 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $65.31, for a total transaction of $564,931.50. Following the completion of the sale, the chief financial officer now directly owns 3,904 shares in the company, valued at $254,970.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James W. Quinn sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $66.17, for a total transaction of $661,700.00. Following the sale, the director now owns 56,396 shares of the company’s stock, valued at $3,731,723.32. The disclosure for this sale can be found here. Insiders sold 51,650 shares of company stock valued at $3,296,992 over the last quarter. Insiders own 9.50% of the company’s stock.
Argan Company Profile
Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
Receive News & Ratings for Argan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argan Inc. and related companies with our FREE daily email newsletter.