Apogee Enterprises (APOG) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings results on Thursday. The industrial products company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.14), Bloomberg Earnings reports. Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business had revenue of $356.50 million during the quarter, compared to analyst estimates of $373.35 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. Apogee Enterprises updated its FY18 guidance to $3.04-3.14 EPS.

Shares of Apogee Enterprises (NASDAQ APOG) opened at $43.74 on Friday. Apogee Enterprises has a 1 year low of $40.03 and a 1 year high of $61.00. The stock has a market cap of $1,212.16, a P/E ratio of 13.78, a P/E/G ratio of 1.37 and a beta of 1.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.34 and a current ratio of 1.79.

A number of brokerages recently issued reports on APOG. BidaskClub upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three investment 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 an average price target of $63.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Delphi Management Inc. MA boosted its position in Apogee Enterprises by 12.7% during the third quarter. Delphi Management Inc. MA now owns 28,233 shares of the industrial products company’s stock worth $1,363,000 after acquiring an additional 3,181 shares during the last quarter. Dana Investment Advisors Inc. boosted its position in Apogee Enterprises by 9.7% during the third quarter. Dana Investment Advisors Inc. now owns 43,351 shares of the industrial products company’s stock worth $2,092,000 after acquiring an additional 3,818 shares during the last quarter. Janney Capital Management LLC boosted its holdings in shares of Apogee Enterprises by 134.7% in the 3rd quarter. Janney Capital Management LLC now owns 8,609 shares of the industrial products company’s stock valued at $415,000 after purchasing an additional 4,941 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Apogee Enterprises by 79.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Granahan Investment Management Inc. MA boosted its holdings in shares of Apogee Enterprises by 25.2% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 39,145 shares of the industrial products company’s stock valued at $1,889,000 after purchasing an additional 7,878 shares during the last quarter. Hedge funds and other institutional investors own 99.02% of the company’s stock.

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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.

Earnings History for Apogee Enterprises (NASDAQ:APOG)

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