Apogee Enterprises (APOG) Updates FY 2020 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.00-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.38. The company issued revenue guidance of $1.417-1.445 billion, compared to the consensus revenue estimate of $1.44 billion.

Apogee Enterprises stock opened at $38.83 on Thursday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.08 and a beta of 1.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.75 and a quick ratio of 1.38. Apogee Enterprises has a 12 month low of $26.38 and a 12 month high of $50.87.

APOG has been the subject of a number of research reports. Sidoti downgraded shares of Apogee Enterprises from a buy rating to a neutral rating in a report on Monday, February 25th. Craig Hallum set a $48.00 price objective on shares of Apogee Enterprises and gave the stock a buy rating in a report on Friday, December 21st. ValuEngine raised shares of Apogee Enterprises from a strong sell rating to a sell rating in a report on Friday, February 8th. Finally, BidaskClub downgraded shares of Apogee Enterprises from a sell rating to a strong sell rating in a report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Apogee Enterprises has an average rating of Hold and a consensus price target of $48.50.

In other news, Director Jerome L. Davis sold 9,276 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $37.63, for a total transaction of $349,055.88. Following the completion of the transaction, the director now owns 17,251 shares of the company’s stock, valued at $649,155.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

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About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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Earnings History and Estimates for Apogee Enterprises (NASDAQ:APOG)

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