News stories about Apogee Enterprises (NASDAQ:APOG) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apogee Enterprises earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.4315799334394 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Apogee Enterprises, Inc. (APOG) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Contrasting Apogee Enterprises (APOG) & Its Peers (americanbankingnews.com)
- Pro-Trader Daily: Earnings Review and Free Research Report: Apogee’s Revenue Surged 24% (finanznachrichten.de)
- Apogee Enterprises Declares Quarterly Cash Dividend (finance.yahoo.com)
- Apogee Enterprises, Inc. (APOG) Expected to Announce Quarterly Sales of $376.25 Million (americanbankingnews.com)
Apogee Enterprises (APOG) traded up 0.08% on Wednesday, reaching $48.57. 135,708 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $45.56 and its 200 day moving average is $52.08. The stock has a market capitalization of $1.40 billion, a P/E ratio of 17.73 and a beta of 1.56. Apogee Enterprises has a 1-year low of $39.88 and a 1-year high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. The firm had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. Apogee Enterprises’s revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Analysts expect that Apogee Enterprises will post $3.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Tuesday, October 24th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 1.15%. Apogee Enterprises’s dividend payout ratio is currently 20.44%.
A number of equities research analysts recently commented on the stock. DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the company a “buy” rating in a research note on Thursday, August 24th. BidaskClub cut shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.33.
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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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