Apogee Enterprises (APOG) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Media coverage about Apogee Enterprises (NASDAQ:APOG) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Apogee Enterprises earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.0984795636656 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Apogee Enterprises (NASDAQ APOG) traded down $0.30 during trading hours on Friday, hitting $46.69. The stock had a trading volume of 71,594 shares, compared to its average volume of 231,495. The stock has a market capitalization of $1,340.00, a price-to-earnings ratio of 16.19, a PEG ratio of 1.41 and a beta of 1.59. Apogee Enterprises has a 52-week low of $40.03 and a 52-week high of $61.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 1.86.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $343.91 million during the quarter, compared to analyst estimates of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. equities research analysts forecast that Apogee Enterprises will post 3.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, October 23rd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.44%.
Several analysts have issued reports on APOG shares. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, BidaskClub lowered Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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