Apogee Enterprises Inc (NASDAQ:APOG) shares gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $56.76, but opened at $50.88. Apogee Enterprises shares last traded at $42.32, with a volume of 2499200 shares changing hands.
The industrial products company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The firm had revenue of $356.50 million during the quarter, compared to the consensus estimate of $373.35 million. During the same quarter last year, the business posted $0.78 earnings per share. Apogee Enterprises’s revenue was up 30.1% compared to the same quarter last year.
APOG has been the subject of a number of analyst reports. DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the company a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.33.
The company has a market cap of $1,240.00, a PE ratio of 17.25, a PEG ratio of 1.50 and a beta of 1.61. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.
About Apogee Enterprises
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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