Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Apogee Enterprises (APOG) Stock Price

News headlines about Apogee Enterprises (NASDAQ:APOG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apogee Enterprises earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.6845758170455 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of equities research analysts have commented on APOG shares. BidaskClub upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, ValuEngine cut Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Apogee Enterprises presently has an average rating of “Hold” and an average target price of $61.00.

Shares of Apogee Enterprises (NASDAQ:APOG) opened at $44.84 on Tuesday. The company has a market capitalization of $1,274.23, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58. The company has a current ratio of 1.79, a quick ratio of 1.32 and a debt-to-equity ratio of 0.45. Apogee Enterprises has a fifty-two week low of $40.03 and a fifty-two week high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. The business had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $373.35 million. During the same period in the prior year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. equities research analysts forecast that Apogee Enterprises will post 3.05 earnings per share for the current year.

Apogee Enterprises declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 9th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th were paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, January 29th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.14. Apogee Enterprises’s dividend payout ratio is currently 22.66%.

In other Apogee Enterprises news, Director Sara L. Hays sold 2,229 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $45.46, for a total transaction of $101,330.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.10% of the company’s stock.

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Apogee Enterprises Company Profile

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

Insider Buying and Selling by Quarter for Apogee Enterprises (NASDAQ:APOG)

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