Apogee Enterprises (NASDAQ:APOG) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings results on Friday. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $289.10 million for the quarter, compared to the consensus estimate of $304.54 million. Apogee Enterprises had a net margin of 4.46% and a return on equity of 12.60%. Apogee Enterprises’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share.

NASDAQ:APOG opened at $20.82 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $21.39 and its two-hundred day simple moving average is $26.38. The stock has a market cap of $591.42 million, a PE ratio of 9.44, a P/E/G ratio of 0.94 and a beta of 1.42. Apogee Enterprises has a 52 week low of $13.77 and a 52 week high of $46.70.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be issued a dividend of $0.188 per share. The ex-dividend date is Monday, July 13th. This represents a $0.75 dividend on an annualized basis and a yield of 3.61%. Apogee Enterprises’s dividend payout ratio is presently 31.51%.

In other Apogee Enterprises news, Director Lloyd Emerson Johnson purchased 25,140 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were acquired at an average cost of $18.75 per share, with a total value of $471,375.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

A number of brokerages recently commented on APOG. BidaskClub raised Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, June 9th. Zacks Investment Research raised Apogee Enterprises from a “sell” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Wednesday, June 3rd. Sidoti decreased their target price on Apogee Enterprises from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, DA Davidson decreased their target price on Apogee Enterprises from $35.00 to $22.00 in a report on Friday, April 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.00.

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.

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Earnings History for Apogee Enterprises (NASDAQ:APOG)

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