Apogee Enterprises Inc (NASDAQ:APOG) declared a quarterly dividend on Wednesday, June 26th, RTT News reports. Shareholders of record on Tuesday, July 16th will be paid a dividend of 0.175 per share by the industrial products company on Wednesday, July 31st. This represents a $0.70 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, July 15th.
Apogee Enterprises has raised its dividend payment by an average of 12.7% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Apogee Enterprises has a payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Apogee Enterprises to earn $3.54 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 19.8%.
Shares of APOG opened at $43.09 on Friday. The company has a fifty day simple moving average of $39.85. The company has a current ratio of 1.83, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60. Apogee Enterprises has a 52-week low of $26.38 and a 52-week high of $50.87. The company has a market cap of $1.15 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, June 27th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Apogee Enterprises had a return on equity of 16.04% and a net margin of 3.22%. The firm had revenue of $355.40 million during the quarter, compared to the consensus estimate of $324.39 million. During the same quarter in the previous year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that Apogee Enterprises will post 3.04 EPS for the current fiscal year.
Several equities analysts have issued reports on APOG shares. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Craig Hallum downgraded Hydrogenics from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. DA Davidson dropped their target price on Commerce Bancshares to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. TheStreet upgraded Select Medical from a “c+” rating to a “b-” rating in a research report on Thursday, June 27th. Finally, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.33.
In other news, Director Sara L. Hays sold 1,985 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $39.14, for a total transaction of $77,692.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.
Apogee Enterprises Company Profile
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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