Somewhat Positive News Coverage Somewhat Unlikely to Impact Apogee Enterprises (NASDAQ:APOG) Stock Price

Media headlines about Apogee Enterprises (NASDAQ:APOG) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apogee Enterprises earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.410269907154 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Apogee Enterprises (APOG) traded up $0.13 during mid-day trading on Thursday, hitting $44.43. The stock had a trading volume of 269,500 shares, compared to its average volume of 279,367. The stock has a market cap of $1,258.89, a PE ratio of 14.43, a P/E/G ratio of 1.45 and a beta of 1.58. Apogee Enterprises has a 12-month low of $40.03 and a 12-month high of $61.00. The company has a current ratio of 1.79, a quick ratio of 1.32 and a debt-to-equity ratio of 0.45.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.14). Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business had revenue of $356.50 million for the quarter, compared to the consensus estimate of $373.35 million. During the same period last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. equities analysts forecast that Apogee Enterprises will post 3.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th were paid a $0.1575 dividend. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 29th. This represents a $0.63 dividend on an annualized basis and a yield of 1.42%. Apogee Enterprises’s payout ratio is presently 22.66%.

Apogee Enterprises announced that its board has initiated a share buyback program on Tuesday, January 9th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have issued reports on APOG shares. BidaskClub upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, ValuEngine cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $61.00.

In other Apogee Enterprises news, Director Sara L. Hays sold 2,229 shares of Apogee Enterprises stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $45.46, for a total value of $101,330.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.

Insider Buying and Selling by Quarter for Apogee Enterprises (NASDAQ:APOG)

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