Apogee Enterprises (APOG) Releases FY19 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.48-3.68 for the period, compared to the Thomson Reuters consensus estimate of $3.45. The company issued revenue guidance of +10% YoY to ~$1.43 billion, compared to the consensus revenue estimate of $1.45 billion.

Shares of Apogee Enterprises opened at $48.17 on Friday, according to MarketBeat Ratings. Apogee Enterprises has a one year low of $37.24 and a one year high of $58.30. The stock has a market capitalization of $1.37 billion, a PE ratio of 15.54, a PEG ratio of 1.36 and a beta of 1.53. The company has a quick ratio of 1.21, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, June 28th. The industrial products company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Apogee Enterprises had a net margin of 5.66% and a return on equity of 17.45%. The company had revenue of $336.50 million during the quarter, compared to the consensus estimate of $304.46 million. During the same quarter last year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 23.6% on a year-over-year basis. research analysts forecast that Apogee Enterprises will post 3.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 2nd. Investors of record on Wednesday, July 18th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, July 17th. Apogee Enterprises’s payout ratio is 20.32%.

Several analysts recently commented on APOG shares. BidaskClub downgraded shares of Apogee Enterprises from a buy rating to a hold rating in a report on Saturday, May 12th. ValuEngine downgraded shares of Apogee Enterprises from a hold rating to a sell rating in a report on Wednesday, May 2nd. Goldman Sachs Group downgraded shares of Apogee Enterprises from a neutral rating to a sell rating in a report on Wednesday, April 4th. Craig Hallum reduced their target price on shares of Apogee Enterprises from $60.00 to $55.00 and set a buy rating for the company in a report on Friday, April 13th. Finally, DA Davidson reduced their target price on shares of Apogee Enterprises from $50.00 to $47.00 and set a buy rating for the company in a report on Friday, April 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $53.50.

In related news, CEO Joseph F. Puishys bought 12,000 shares of Apogee Enterprises stock in a transaction that occurred on Monday, April 30th. The stock was acquired at an average price of $41.37 per share, with a total value of $496,440.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Marzec sold 6,297 shares of Apogee Enterprises stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $41.72, for a total transaction of $262,710.84. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

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.

Earnings History and Estimates for Apogee Enterprises (NASDAQ:APOG)

Receive News & Ratings for Apogee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply