Equities research analysts expect Apergy Corp (NYSE:APY) to announce sales of $310.25 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Apergy’s earnings. The lowest sales estimate is $310.00 million and the highest is $310.50 million. Apergy posted sales of $316.47 million during the same quarter last year, which would indicate a negative year over year growth rate of 2%. The business is scheduled to report its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Apergy will report full year sales of $1.23 billion for the current financial year, with estimates ranging from $1.22 billion to $1.27 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.34 billion, with estimates ranging from $1.30 billion to $1.42 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Apergy.
Apergy (NYSE:APY) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $306.05 million for the quarter, compared to analysts’ expectations of $310.64 million. Apergy had a return on equity of 10.86% and a net margin of 7.60%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year.
Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Apergy by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,060,197 shares of the company’s stock valued at $28,711,000 after buying an additional 54,333 shares during the last quarter. Norges Bank acquired a new position in Apergy during the fourth quarter worth about $16,533,000. Geode Capital Management LLC raised its stake in Apergy by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 760,049 shares of the company’s stock worth $20,582,000 after acquiring an additional 43,090 shares in the last quarter. Deutsche Bank AG raised its stake in Apergy by 72.4% during the fourth quarter. Deutsche Bank AG now owns 65,768 shares of the company’s stock worth $1,776,000 after acquiring an additional 27,617 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Apergy by 34.3% in the first quarter. Nisa Investment Advisors LLC now owns 51,942 shares of the company’s stock valued at $2,133,000 after buying an additional 13,275 shares during the period. Institutional investors and hedge funds own 92.98% of the company’s stock.
NYSE:APY traded up $0.02 during trading hours on Tuesday, hitting $26.13. The company’s stock had a trading volume of 7,306 shares, compared to its average volume of 673,066. The stock has a market capitalization of $2.21 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.48 and a beta of 2.18. The stock has a fifty day moving average of $30.99 and a 200-day moving average of $35.81. The company has a current ratio of 2.63, a quick ratio of 1.47 and a debt-to-equity ratio of 0.59. Apergy has a 52-week low of $25.51 and a 52-week high of $46.11.
Apergy Company Profile
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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