Apogee Enterprises (NASDAQ:APOG) Issues FY 2020 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) updated its FY 2020 earnings guidance on Tuesday. The company provided EPS guidance of $3.00-3.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.05. The company issued revenue guidance of $1.417-1.445 billion, compared to the consensus revenue estimate of $1.44 billion.Apogee Enterprises also updated its FY20 guidance to $3.00-3.20 EPS.

Several brokerages have weighed in on APOG. ValuEngine upgraded Apogee Enterprises from a sell rating to a hold rating in a research note on Tuesday. BidaskClub upgraded Apogee Enterprises from a sell rating to a hold rating in a research note on Wednesday. TheStreet downgraded Apogee Enterprises from a b- rating to a c+ rating in a research note on Tuesday, August 27th. Finally, Craig Hallum lifted their price target on Apogee Enterprises from $46.00 to $52.00 and gave the company a buy rating in a research note on Friday, June 28th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $43.33.

Apogee Enterprises stock opened at $41.94 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.47. Apogee Enterprises has a 1-year low of $26.38 and a 1-year high of $46.70. The company has a market cap of $1.09 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.36 and a beta of 1.65. The stock’s 50 day moving average price is $37.96 and its 200 day moving average price is $38.72.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.15. Apogee Enterprises had a return on equity of 16.04% and a net margin of 3.22%. The firm had revenue of $357.10 million for the quarter, compared to the consensus estimate of $353.62 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Apogee Enterprises will post 3.03 EPS for the current fiscal year.

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 and Estimates for Apogee Enterprises (NASDAQ:APOG)

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