Argan (AGX) Issues Quarterly Earnings Results, Beats Expectations By $1.73 EPS

Argan (NYSE:AGX) posted its earnings results on Thursday. The construction company reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $1.73, reports. Argan had a return on equity of 17.04% and a net margin of 10.86%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $101.60 million. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was down 50.0% on a year-over-year basis.

AGX opened at $42.01 on Friday. Argan has a twelve month low of $34.90 and a twelve month high of $47.85. The company has a market capitalization of $676.77 million, a P/E ratio of 11.01 and a beta of 0.73.

Separately, TheStreet upgraded Argan from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th.

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About Argan

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company's Power Industry Services segment offers engineering, procurement, and construction contracting services 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 44 projects with approximately 15,000 megawatts of power-generating capacity.

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Earnings History for Argan (NYSE:AGX)

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