Argan (NYSE:AGX) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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Argan (NYSE:AGX) announced its quarterly earnings data on Monday. The construction company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04, Briefing.com reports. Argan had a net margin of 0.50% and a return on equity of 1.34%. The business had revenue of $63.10 million for the quarter, compared to the consensus estimate of $67.65 million. During the same quarter last year, the company posted $1.08 earnings per share. Argan’s quarterly revenue was down 53.8% on a year-over-year basis.

Shares of AGX stock opened at $42.31 on Wednesday. The stock has a fifty day moving average price of $40.19 and a 200 day moving average price of $44.74. Argan has a one year low of $35.08 and a one year high of $51.95. The stock has a market cap of $649.41 million, a P/E ratio of 129.81 and a beta of 0.59.

Argan Company Profile

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments.

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Earnings History for Argan (NYSE:AGX)

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