Press coverage about Apogee Enterprises (NASDAQ:APOG) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 news coverage about the industrial products company an impact score of 47.5589104540995 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have recently issued reports on APOG. ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. DA Davidson set a $52.00 price target on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Zacks Investment Research downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Apogee Enterprises has an average rating of “Hold” and an average price target of $63.33.
Apogee Enterprises (NASDAQ:APOG) traded up 1.06% on Thursday, reaching $48.68. The company’s stock had a trading volume of 177,717 shares. Apogee Enterprises has a 1-year low of $39.88 and a 1-year high of $61.00. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.77 and a beta of 1.56. The stock has a 50 day moving average price of $46.81 and a 200-day moving average price of $51.28.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The business had revenue of $343.91 million during the quarter, compared to analysts’ expectations of $349.97 million. During the same period in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities analysts predict that Apogee Enterprises will post $3.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Tuesday, October 24th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, October 23rd. Apogee Enterprises’s payout ratio is 20.44%.
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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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