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.
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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.
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