Apogee Enterprises Inc (NASDAQ:APOG) – Equities research analysts at DA Davidson cut their Q3 2020 earnings per share estimates for shares of Apogee Enterprises in a report released on Tuesday, September 24th, according to Zacks Investment Research. DA Davidson analyst B. Thielman now anticipates that the industrial products company will post earnings per share of $0.79 for the quarter, down from their prior estimate of $0.89.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.15. Apogee Enterprises had a return on equity of 15.92% and a net margin of 3.14%. The firm had revenue of $357.10 million during the quarter, compared to analyst estimates of $353.62 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year.
Other equities research analysts have also issued research reports about the company. ValuEngine raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. TheStreet lowered Apogee Enterprises from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Finally, Craig Hallum boosted their target price on Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.50.
Shares of NASDAQ APOG traded up $0.46 during midday trading on Friday, reaching $36.68. The company had a trading volume of 133,908 shares, compared to its average volume of 238,466. Apogee Enterprises has a one year low of $26.38 and a one year high of $46.70. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $38.32 and its 200-day moving average price is $39.07. The stock has a market cap of $974.22 million, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.70.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Monday, October 21st will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, October 18th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 23.65%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. bought a new position in Apogee Enterprises during the 1st quarter valued at approximately $257,000. First Trust Advisors LP raised its position in Apogee Enterprises by 8.9% during the 1st quarter. First Trust Advisors LP now owns 95,029 shares of the industrial products company’s stock valued at $3,563,000 after purchasing an additional 7,769 shares during the last quarter. Tieton Capital Management LLC raised its position in Apogee Enterprises by 12.3% during the 1st quarter. Tieton Capital Management LLC now owns 133,031 shares of the industrial products company’s stock valued at $4,987,000 after purchasing an additional 14,520 shares during the last quarter. Cutler Group LP bought a new position in Apogee Enterprises during the 1st quarter valued at approximately $48,000. Finally, Yorktown Management & Research Co Inc bought a new position in Apogee Enterprises during the 1st quarter valued at approximately $238,000. 90.44% of the stock is owned by institutional investors.
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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