Revenue Update on Argan(NYSE:AGX)

Argan(NYSE:AGX) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Jun 7, 2016. Company reported revenue of $130.35M. Analysts estimated a revenue of $143.25M. Earnings per share were $0.81. Analysts had estimated an EPS of $0.64.

Argan (AGX) made into the market gainers list on Fridays trading session with the shares advancing 3.27% or 1.36 points. Due to strong positive momentum, the stock ended at $42.96, which is also near the day’s high of $43.025. The stock began the session at $41.14 and the volume stood at 4,71,960 shares. The 52-week high of the shares is $43.025 and the 52 week low is $28.03. The company has a current market capitalization of $638 M and it has 1,48,58,469 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 11, 2016, David Hibbert Watson (CFO) purchased 350 shares at $29.18 per share price.Also, On Dec 16, 2015, Peter W Getsinger (director) purchased 3,300 shares at $32.56 per share price.On Jun 8, 2015, Brian R Sherras (director) purchased 27,965 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Argan Inc. is a holding company. The Company conducts operations through its wholly owned subsidiaries Gemma Power Systems LLC and affiliates (GPS) and Southern Maryland Cable Inc. (SMC). The Company operates in two segments: power industry services and telecommunications infrastructure services. Through GPS the Company provides a range of development consulting engineering procurement construction commissioning operations and maintenance services to the power generation and renewable energy markets for a variety of customers including public utilities independent power project owners municipalities public institutions and private industry. Through SMC it provides telecommunications infrastructure services including project management construction and maintenance to the federal government local governments telecommunications and broadband service providers as well as electric utilities.

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