Argan (AGX) Projected to Release Quarterly Earnings on Wednesday

Key Points

• Argan is expected to report Q2 2027 results after the market closes on September 2. Analysts anticipate earnings of $2.64 per share on revenue of approximately $300.5 million.
• The company’s previous quarter exceeded expectations, with EPS of $3.24 versus the $2.31 consensus and revenue of $290.95 million, up 50.2% year over year.
• Argan recently paid a quarterly dividend of $0.50, while insiders have sold roughly $87.6 million of stock over the past 90 days. Analysts maintain a “Moderate Buy” consensus with an average price target of $470.40.

Argan (NYSE:AGX - Get Free Report) will likely be issuing its Q2 2027 results after the market closes on Wednesday, September 2nd. Analysts expect Argan to post earnings of $2.64 per share and revenue of $300.5260 million for the quarter. Interested persons are encouraged to explore the company's upcoming Q2 2027 earning report page for the latest details on the call scheduled for Wednesday, September 2, 2026 at 5:00 PM ET.

Argan (NYSE:AGX - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The construction company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.31 by $0.93. The business had revenue of $290.95 million during the quarter, compared to analysts' expectations of $256.03 million. Argan had a net margin of 15.48% and a return on equity of 36.89%. The business's quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. On average, analysts expect Argan to post $13 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Argan Price Performance

NYSE:AGX opened at $450.21 on Wednesday. The company's fifty day moving average price is $624.07 and its 200-day moving average price is $582.53. Argan has a 1-year low of $197.00 and a 1-year high of $805.75. The firm has a market capitalization of $6.31 billion, a P/E ratio of 39.56 and a beta of 0.61.

Argan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, July 23rd. Argan's dividend payout ratio is currently 17.57%.

Insider Activity at Argan

In other Argan news, Director John Ronald Jr. Jeffrey sold 5,716 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $579.64, for a total value of $3,313,222.24. Following the transaction, the director directly owned 2,533 shares of the company's stock, valued at $1,468,228.12. This trade represents a 69.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter W. Getsinger sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $699.00, for a total value of $1,398,000.00. Following the transaction, the director owned 4,880 shares in the company, valued at approximately $3,411,120. This represents a 29.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 127,973 shares of company stock worth $87,554,828 in the last 90 days. 2.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Argan

Several hedge funds and other institutional investors have recently made changes to their positions in AGX. Millennium Management LLC boosted its stake in Argan by 12.2% during the first quarter. Millennium Management LLC now owns 117,805 shares of the construction company's stock worth $15,452,000 after buying an additional 12,854 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Argan by 118.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,316 shares of the construction company's stock worth $697,000 after acquiring an additional 2,881 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Argan by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,567 shares of the construction company's stock worth $4,665,000 after acquiring an additional 4,196 shares during the period. Intech Investment Management LLC boosted its position in shares of Argan by 37.3% during the 1st quarter. Intech Investment Management LLC now owns 8,985 shares of the construction company's stock valued at $1,179,000 after acquiring an additional 2,442 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Argan during the 2nd quarter valued at about $286,000. Institutional investors and hedge funds own 79.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Argan from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Lake Street Capital raised their price target on shares of Argan from $375.00 to $600.00 and gave the company a "hold" rating in a research report on Friday, June 5th. Wall Street Zen cut shares of Argan from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings downgraded shares of Argan from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $470.40.

About Argan

Argan, Inc NYSE: AGX is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.

The company's principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source