News stories about Apogee Enterprises (NASDAQ:APOG) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apogee Enterprises earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.0411220901752 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Apogee Enterprises (NASDAQ APOG) traded up $1.02 during midday trading on Friday, reaching $43.05. 279,143 shares of the company’s stock were exchanged, compared to its average volume of 305,512. The company has a quick ratio of 1.32, a current ratio of 1.79 and a debt-to-equity ratio of 0.45. The company has a market cap of $1,250.00, a P/E ratio of 15.49, a P/E/G ratio of 1.38 and a beta of 1.58. Apogee Enterprises has a 52-week low of $40.03 and a 52-week high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.14). The business had revenue of $356.50 million during the quarter, compared to the consensus estimate of $373.35 million. Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. research analysts forecast that Apogee Enterprises will post 3.05 earnings per share for the current fiscal year.
Apogee Enterprises announced that its board has initiated a share buyback plan on Tuesday, January 9th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
APOG has been the topic of a number of research reports. BidaskClub upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.00.
In other Apogee Enterprises news, Director Sara L. Hays sold 2,229 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $45.46, for a total value of $101,330.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.
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Apogee Enterprises Company Profile
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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