Apogee Enterprises (NASDAQ:APOG – Get Rating) issued its earnings results on Tuesday. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.23, Briefing.com reports. The business had revenue of $372.10 million during the quarter, compared to analysts’ expectations of $342.84 million. Apogee Enterprises had a return on equity of 21.94% and a net margin of 3.95%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Apogee Enterprises updated its FY 2023 guidance to $3.75-$4.05 EPS and its FY23 guidance to $3.75-4.05 EPS.
Apogee Enterprises Stock Performance
Shares of APOG opened at $40.57 on Thursday. The business’s 50 day moving average is $41.37 and its two-hundred day moving average is $42.72. Apogee Enterprises has a 52-week low of $35.96 and a 52-week high of $50.44. The firm has a market cap of $899.03 million, a price-to-earnings ratio of 16.56 and a beta of 1.07. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.70.
Insider Buying and Selling at Apogee Enterprises
In other Apogee Enterprises news, insider Brent C. Jewell sold 1,313 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $37.88, for a total value of $49,736.44. Following the transaction, the insider now directly owns 23,111 shares of the company’s stock, valued at approximately $875,444.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Brent C. Jewell sold 1,313 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $37.88, for a total value of $49,736.44. Following the completion of the sale, the insider now directly owns 23,111 shares in the company, valued at approximately $875,444.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gary Robert Johnson sold 2,187 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total value of $87,480.00. Following the completion of the sale, the senior vice president now owns 36,600 shares of the company’s stock, valued at $1,464,000. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
APOG has been the topic of several recent research reports. StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 14th. Craig Hallum reduced their price target on Apogee Enterprises from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, June 24th. Finally, TheStreet raised Apogee Enterprises from a “c+” rating to a “b-” rating in a research report on Thursday, June 23rd.
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.
- Get a free copy of the StockNews.com research report on Apogee Enterprises (APOG)
- The Worst May be Over for Target, But is the Stock Safe to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Two Fun Stocks The Insiders Are Buying
- Novavax Remains a Risk-On Stock in a Risk-Off Market
- General Mills: Superior Returns With Less Volatility
Receive News & Ratings for Apogee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.