$0.34 EPS Expected for Apergy Corp (APY) This Quarter

Equities analysts expect Apergy Corp (NYSE:APY) to announce earnings per share (EPS) of $0.34 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Apergy’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. Apergy reported earnings of $0.38 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.5%. The firm is scheduled to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that Apergy will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.41 to $1.55. For the next financial year, analysts anticipate that the firm will post earnings of $2.10 per share, with EPS estimates ranging from $1.90 to $2.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Apergy.

Apergy (NYSE:APY) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Apergy had a net margin of 7.47% and a return on equity of 11.40%. The company had revenue of $301.70 million during the quarter, compared to the consensus estimate of $301.37 million. The firm’s quarterly revenue was up 6.6% on a year-over-year basis.



APY has been the subject of several research reports. Gabelli initiated coverage on shares of Apergy in a research note on Wednesday, January 23rd. They set a “buy” rating and a $44.00 price objective for the company. Johnson Rice upgraded shares of Apergy from an “accumulate” rating to a “buy” rating and upped their target price for the company from $45.00 to $48.00 in a research note on Monday, March 11th. Jefferies Financial Group upped their target price on shares of Apergy to $49.00 and gave the company a “buy” rating in a research note on Monday, March 4th. They noted that the move was a valuation call. Cowen set a $42.00 target price on shares of Apergy and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Bank of America restated a “buy” rating and issued a $46.00 target price (up from $42.00) on shares of Apergy in a research note on Wednesday, February 20th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $45.80.

APY traded down $2.20 during trading on Friday, hitting $34.39. 10,311 shares of the company’s stock were exchanged, compared to its average volume of 440,139. The company has a quick ratio of 1.44, a current ratio of 2.53 and a debt-to-equity ratio of 0.63. Apergy has a 1 year low of $25.85 and a 1 year high of $46.11. The company has a market cap of $2.90 billion and a P/E ratio of 24.28.

In other news, CEO Sivasankaran Somasundaram sold 893 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $41.77, for a total value of $37,300.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,128 shares of company stock valued at $47,064 over the last 90 days. Insiders own 0.77% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of APY. Oregon Public Employees Retirement Fund raised its holdings in shares of Apergy by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,909 shares of the company’s stock valued at $837,000 after buying an additional 401 shares during the last quarter. American International Group Inc. grew its position in shares of Apergy by 0.3% in the fourth quarter. American International Group Inc. now owns 157,649 shares of the company’s stock valued at $4,269,000 after purchasing an additional 428 shares in the last quarter. Neuburgh Advisers LLC grew its position in shares of Apergy by 5.6% in the fourth quarter. Neuburgh Advisers LLC now owns 9,614 shares of the company’s stock valued at $260,000 after purchasing an additional 506 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Apergy by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 46,839 shares of the company’s stock valued at $1,923,000 after purchasing an additional 552 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Apergy by 1.1% in the fourth quarter. Arizona State Retirement System now owns 55,511 shares of the company’s stock valued at $1,503,000 after purchasing an additional 596 shares in the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

About Apergy

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

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Earnings History and Estimates for Apergy (NYSE:APY)

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