Argan (AGX) Projected to Post Earnings on Thursday

Argan (NYSE:AGX - Get Free Report) is expected to post its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect Argan to post earnings of $1.15 per share and revenue of $197.50 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Argan Trading Up 0.2 %

Shares of Argan stock traded up $0.20 during trading hours on Friday, reaching $120.79. 360,129 shares of the company's stock were exchanged, compared to its average volume of 260,809. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 25.27 and a beta of 0.58. The company has a fifty day moving average of $140.50 and a 200-day moving average of $133.26. Argan has a 52-week low of $48.85 and a 52-week high of $191.46.

Insider Activity

In related news, CFO Richard H. Deily sold 2,000 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 9,367 shares in the company, valued at approximately $1,405,050. This trade represents a 17.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter W. Getsinger sold 800 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $155.24, for a total value of $124,192.00. Following the completion of the sale, the director now directly owns 19,177 shares in the company, valued at $2,977,037.48. This trade represents a 4.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,185 shares of company stock worth $1,644,859 over the last 90 days. 11.85% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGX. CJS Securities reissued a "market perform" rating and issued a $150.00 target price on shares of Argan in a research note on Friday, December 6th. Lake Street Capital cut Argan from a "buy" rating to a "hold" rating and increased their target price for the company from $85.00 to $150.00 in a research note on Tuesday, December 3rd.

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.