Argan (NYSE:AGX) issued its quarterly earnings results on Thursday. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $116.50 million for the quarter, compared to analyst estimates of $101.60 million. During the same period last year, the company earned $1.09 EPS. The firm’s quarterly revenue was down 50.0% on a year-over-year basis.
NYSE AGX opened at $43.10 on Thursday. The stock has a market capitalization of $645.01 million, a PE ratio of 13.95 and a beta of 0.73. Argan has a 1-year low of $34.90 and a 1-year high of $58.25.
Separately, TheStreet raised Argan from a “c+” rating to a “b-” rating in a research note on Wednesday, September 12th.
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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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