Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Apogee Enterprises (APOG) Share Price
Media coverage about Apogee Enterprises (NASDAQ:APOG) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apogee Enterprises earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.0785380646223 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Analysts Anticipate Apogee Enterprises, Inc. (APOG) Will Announce Quarterly Sales of $356.55 Million (americanbankingnews.com)
- Global energy-efficient window system market forecast to 2021 available in new report (whatech.com)
- Systematic Financial Management Lp Buys Athene Holding, Medical Properties Trust Inc, Wolverine … (nasdaq.com)
- See what the IHS Markit Score report has to say about Apogee Enterprises Inc. (finance.yahoo.com)
- Middleby (MIDD) Q2 Earnings Beat by a Penny, Revenues Miss (finance.yahoo.com)
Apogee Enterprises (NASDAQ APOG) traded up 1.52% during midday trading on Friday, reaching $51.42. 117,247 shares of the company were exchanged. Apogee Enterprises has a 52 week low of $39.88 and a 52 week high of $61.00. The firm has a 50-day moving average price of $53.65 and a 200-day moving average price of $55.57. The company has a market capitalization of $1.48 billion, a PE ratio of 17.61 and a beta of 1.56.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.09. The company had revenue of $272.30 million for the quarter, compared to analysts’ expectations of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Equities research analysts anticipate that Apogee Enterprises will post $3.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, July 10th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, July 6th. This represents a $0.56 annualized dividend and a dividend yield of 1.09%. Apogee Enterprises’s dividend payout ratio is presently 19.24%.
APOG has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. Sidoti initiated coverage on shares of Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 target price for the company. ValuEngine cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, BidaskClub cut shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Apogee Enterprises presently has an average rating of “Buy” and an average target price of $64.75.
In other news, Director Jerome L. Davis sold 18,706 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.
About Apogee Enterprises
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.
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