Argan Is A Bargain; Worrying About Backlog Is Missing The Bigger Picture
Argan is growing revenues by 50-60% year-over-year and is starting to exhibit operating leverage through margin expansion. Concerns about the company's quarter to quarter backlog movements misses the bigger picture of AI tailwinds that are driving the company's earnings power. An enterprise to 1-year forward earnings ratio of 15x is too low for a fast-growing company like Argan that has long-term revenue drivers.
Argan, Inc. (AGX) Q3 2024 Earnings Call Transcript
Argan, Inc. (NYSE:AGX ) Q3 2024 Earnings Conference Call December 5, 2024 5:00 PM ET Company Participants Jennifer Belodeau - IMS Investor Relations David Watson - Chief Executive Officer Joshua Baugher - Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Rob Brown - Lake Street Capital Operator Good evening, ladies and gentlemen, and welcome to the Argan, Inc. Earnings Release Conference Call for the Third Fiscal Quarter ended October 31, 2024. This call is being recorded.
Argan: After Powering Higher, Shares Deserve A Downgrade
Argan, Inc.'s stock surged 289.3% since my August 2023 “buy” rating, outperforming the S&P 500's 35.2% increase, but now appears fully valued. Impressive revenue growth in 2024, driven by Industrial Construction Services and Power Industry Services, but profitability metrics were mixed due to rising costs. Significant 2025 performance improvements, with revenue up 57% and net income nearly doubling, yet current valuations suggest a downgrade to “hold.”.
Data Center Play Powers To Highs After 73% Surge, But Carves Base Just In Time For Earnings
Argan shares have been down for two days, but the pullback may turn out to be just a blip and a buying opportunity. The post Data Center Play Powers To Highs After 73% Surge, But Carves Base Just In Time For Earnings appeared first on Investor's Business Daily.
Four Growth Stocks For The Fourth Industrial Revolution
Industry 4.0 technologies are driving growth for Argan, Inc., Powell Industries, Limbach Holdings, and Sterling Infrastructure, with AGX potentially leading for 2025. Despite high valuations, AGX's strong balance sheet, no debt, and growing backlog make it the best long-term growth stock among the four. POWL and STRL show strong growth but face valuation concerns and potential volatility; both are rated Hold, similar to LMB.
Why Argan Stock Tumbled by 4% on Tuesday
Construction and engineering company Argan (AGX -4.00%) stumbled on the stock market Tuesday. Following news of an analyst's recommendation downgrade, investors sold out of the stock to leave it with a 4% decline over the trading session.
Argan: AI Beneficiary Not Yet Fully Discovered
Argan's earnings power is set to grow at a rapid pace as a result of AI data centers driving increased demand for power. The current stock price does not price in increases in earnings of more than 50% year-over-year. The durability of the AI trend provides investors with the appropriate risk-reward balance.
A 25% Dividend Hike: Here's How Much Investors Just Got
24/7 Wall St. Insights Argan Inc. (NYSE: AGX) just rewarded its shareholders with a 25% dividend hike.
Argan: Favorable Long Term Due To Robust Project Pipeline
Argan's topline grew over 50% in H1 FY25, driven by strong demand and construction activity, particularly in the Power Services segment. The company's backlog exceeded $1 billion, supporting continued revenue growth, with strategic projects and collaborations positioning it well for long-term growth. Despite trading at a slight premium, AGX's robust growth prospect makes it a solid long-term buy.
Why Argan Stock Just Popped 6%
Power plant builder Argan raised its quarterly dividend by 25% last night. The new dividend yield is 1.6%.
Argan Stock: Reiterating Strong Buy Post Q2 2025 Earnings
Argan has returned 77% since my first coverage 6 months ago propelled by strong earnings reports. AGX's earnings show that the company continues to execute well and has margins under control in an industry prone to cost overruns. In a world hungry for energy, Argan's business in the power generation market pits it well for a future with new energy requirements and also replacing carbon-intensive energy plants.
The Market Thinks Argan, Inc. Earnings Were Incredible, I Agree
Argan, Inc. operates an engineering and construction conglomerate providing services primarily in the energy sector. Its last earnings report caused it to soar 25%+. This article looks at what in the report caused the jump. I also cover risks to the buy thesis and other potential headwinds and tailwinds for AGX.
