Argan (NYSE:AGX) released its quarterly earnings data on Wednesday. The construction company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.68, Bloomberg Earnings reports. Argan had a return on equity of 13.13% and a net margin of 6.77%. The business had revenue of $136.67 million for the quarter.
NYSE:AGX opened at $45.40 on Friday. Argan has a 1 year low of $34.90 and a 1 year high of $69.95. The company has a market capitalization of $602.51 million, a price-to-earnings ratio of 13.03 and a beta of 0.97.
In other news, Director John Ronald Jr. Jeffrey acquired 1,500 shares of Argan stock in a transaction on Tuesday, July 31st. The shares were acquired at an average price of $38.24 per share, with a total value of $57,360.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.50% of the company’s stock.
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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