Apogee Enterprises (NASDAQ:APOG) Updates FY 2022 Earnings Guidance

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Apogee Enterprises (NASDAQ:APOG) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of 2.100-2.350 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.590. The company issued revenue guidance of -.

Several research firms have issued reports on APOG. DA Davidson boosted their price objective on Apogee Enterprises from $28.00 to $33.00 and gave the stock a neutral rating in a report on Friday, April 9th. TheStreet downgraded shares of Apogee Enterprises from a b- rating to a c+ rating in a research report on Thursday, April 8th. Finally, Zacks Investment Research lowered shares of Apogee Enterprises from a buy rating to a hold rating and set a $40.00 price objective for the company. in a research note on Monday, February 22nd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $32.75.

NASDAQ:APOG traded up $0.13 on Tuesday, hitting $36.19. 167,267 shares of the company’s stock traded hands, compared to its average volume of 202,588. The company has a market cap of $941.23 million, a PE ratio of 13.61 and a beta of 1.22. Apogee Enterprises has a 1 year low of $15.82 and a 1 year high of $42.70. The company has a current ratio of 1.63, a quick ratio of 1.28 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $37.96 and a 200-day moving average price of $33.62.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Wednesday, April 7th. The industrial products company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The firm had revenue of $308.60 million for the quarter, compared to the consensus estimate of $310.23 million. Apogee Enterprises had a net margin of 5.54% and a return on equity of 11.55%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, research analysts forecast that Apogee Enterprises will post 2.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Monday, May 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, May 7th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 33.61%.

In other Apogee Enterprises news, VP Gary Robert Johnson sold 1,181 shares of the business’s stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $35.79, for a total value of $42,267.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.10% of the stock is currently owned by company insiders.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in 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; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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