Argan (NYSE:AGX) released its earnings results on Thursday. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $1.73, Briefing.com reports. Argan had a return on equity of 12.98% and a net margin of 6.77%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $101.60 million. During the same quarter last year, the company earned $1.09 earnings per share. Argan’s quarterly revenue was down 50.0% compared to the same quarter last year.
Argan stock opened at $43.10 on Thursday. The stock has a market cap of $645.01 million, a P/E ratio of 13.95 and a beta of 0.73. Argan has a 52 week low of $34.90 and a 52 week high of $58.25.
Separately, TheStreet upgraded Argan from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th.
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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