Apogee Enterprises Inc (APOG) Raises Dividend to $0.16 Per Share
Apogee Enterprises Inc (NASDAQ:APOG) announced a quarterly dividend on Tuesday, January 9th, RTT News reports. Stockholders of record on Tuesday, January 30th will be paid a dividend of 0.1575 per share by the industrial products company on Wednesday, February 14th. This represents a $0.63 annualized dividend and a dividend yield of 1.37%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.14.
Shares of Apogee Enterprises (APOG) traded up $0.22 during mid-day trading on Tuesday, hitting $46.00. 218,191 shares of the stock traded hands, compared to its average volume of 279,100. The stock has a market capitalization of $1,310.00, a P/E ratio of 16.55, a P/E/G ratio of 1.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.34 and a current ratio of 1.79. Apogee Enterprises has a 52 week low of $40.03 and a 52 week high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, December 21st. The industrial products company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.14). The firm had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $373.35 million. Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. equities research analysts predict that Apogee Enterprises will post 3.05 earnings per share for the current year.
A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $63.33.
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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.
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