Press coverage about Apogee Enterprises (NASDAQ:APOG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apogee Enterprises earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.410269907154 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Apogee Enterprises (APOG) opened at $43.02 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.32 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1,216.26, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.58. Apogee Enterprises has a twelve month low of $40.03 and a twelve month high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.14). The company had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $373.35 million. Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. equities research analysts predict that Apogee Enterprises will post 3.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.46%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, January 29th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.66%.
Apogee Enterprises declared that its board has initiated a stock buyback plan on Tuesday, January 9th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several equities analysts have issued reports on APOG shares. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, ValuEngine downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $61.00.
In other Apogee Enterprises news, Director Sara L. Hays sold 2,229 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $45.46, for a total transaction of $101,330.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.
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About Apogee Enterprises
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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