Apogee Enterprises (NASDAQ:APOG) Issues Quarterly Earnings Results, Beats Estimates By $0.15 EPS
Apogee Enterprises (NASDAQ:APOG) released its earnings results on Tuesday. The industrial products company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.15, Morningstar.com reports. The firm had revenue of $357.10 million during the quarter, compared to analyst estimates of $353.62 million. Apogee Enterprises had a return on equity of 16.04% and a net margin of 3.22%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. Apogee Enterprises updated its FY 2020 guidance to $3.00-3.20 EPS and its FY20 guidance to $3.00-3.20 EPS.
Shares of NASDAQ:APOG opened at $41.94 on Thursday. The firm has a market capitalization of $1.09 billion, a PE ratio of 14.17, a P/E/G ratio of 1.36 and a beta of 1.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.47. The business has a 50-day moving average of $37.96 and a two-hundred day moving average of $38.72. Apogee Enterprises has a 12 month low of $26.38 and a 12 month high of $46.70.
Several equities analysts recently commented on the company. BidaskClub upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered Apogee Enterprises from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Craig Hallum upped their target price on Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, ValuEngine upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.33.
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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