Media stories about Argan (NYSE:AGX) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Argan earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 47.1000667154203 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Argan (AGX) opened at $57.50 on Thursday. Argan has a 1-year low of $56.20 and a 1-year high of $76.70. The stock has a market capitalization of $899.98, a PE ratio of 10.57 and a beta of 0.86.
Argan (NYSE:AGX) last announced its earnings results on Thursday, September 7th. The construction company reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.69. The business had revenue of $259.80 million for the quarter, compared to analyst estimates of $217.75 million. Argan had a return on equity of 28.23% and a net margin of 9.88%. Argan’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS.
Separately, BidaskClub cut Argan from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
In related news, Director John Ronald Jr. Jeffrey purchased 1,000 shares of the stock in a transaction on Friday, October 20th. The shares were purchased at an average price of $68.02 per share, with a total value of $68,020.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is owned by insiders.
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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.
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