Does Earnings Surprise History Hold Any Clue for Argan Stock Forecast, Price & News (NYSE:AGX)

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Earnings results for Argan Stock Forecast, Price & News (NYSE:AGX)

Argan, Inc. is estimated to report earnings on 09/14/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.07.

Argan last released its earnings data on September 9th, 2020. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.31. Argan has generated $0.00 earnings per share over the last year. Argan has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, December 8th, 2020 based off prior year’s report dates.

Analyst Opinion on Argan Stock Forecast, Price & News (NYSE:AGX)

1 Wall Street analysts have issued ratings and price targets for Argan in the last 12 months. Their average twelve-month price target is $64.00, predicting that the stock has a possible upside of 51.09%. The high price target for AGX is $64.00 and the low price target for AGX is $64.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Argan has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $64.00, Argan has a forecasted upside of 51.1% from its current price of $42.36. Argan has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Argan Stock Forecast, Price & News (NYSE:AGX)

Argan pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends. Argan has only been increasing its dividend for 1 years.

Insiders buying/selling: Argan Stock Forecast, Price & News (NYSE:AGX)

In the past three months, Argan insiders have not sold or bought any company stock. Only 8.15% of the stock of Argan is held by insiders. 83.64% of the stock of Argan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Argan Stock Forecast, Price & News (NYSE:AGX

The P/E ratio of Argan is -71.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Argan is -71.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Argan has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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