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Apogee Enterprises (NASDAQ:APOG - Get Rating) updated its FY23 earnings guidance on Tuesday. The company provided EPS guidance of $3.75-4.05 for the period, compared to the consensus EPS estimate of $3.66. The company issued revenue guidance of +8-10% yr/yr to ~$1.42-1.45 billion, compared to the consensus revenue estimate of $1.38 billion. Apogee Enterprises also updated its FY 2023 guidance to $3.75-$4.05 EPS.Apogee Enterprises Trading Up 3.8 %
Shares of APOG traded up $1.48 during trading on Tuesday, reaching $40.83. 2,276 shares of the company traded hands, compared to its average volume of 89,026. The company has a quick ratio of 1.32, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The stock has a market cap of $904.79 million, a PE ratio of 59.55 and a beta of 1.07. The stock has a 50-day simple moving average of $41.25 and a 200-day simple moving average of $42.75. Apogee Enterprises has a twelve month low of $33.88 and a twelve month high of $50.44.
Apogee Enterprises (NASDAQ:APOG - Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The industrial products company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.43 by $0.57. Apogee Enterprises had a net margin of 1.15% and a return on equity of 17.91%. The company had revenue of $356.64 million during the quarter. On average, analysts anticipate that Apogee Enterprises will post 3.82 earnings per share for the current year. Apogee Enterprises Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 12th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, July 11th. Apogee Enterprises's dividend payout ratio (DPR) is presently 127.54%. Wall Street Analyst Weigh In
Several research analysts have commented on APOG shares. Craig Hallum dropped their price objective on shares of Apogee Enterprises from $47.00 to $43.00 and set a hold rating on the stock in a research note on Friday, June 24th. StockNews.com upgraded shares of Apogee Enterprises from a buy rating to a strong-buy rating in a research report on Wednesday, September 14th. Finally, TheStreet raised Apogee Enterprises from a c+ rating to a b- rating in a report on Thursday, June 23rd.Insider Buying and Selling at Apogee Enterprises
In related news, SVP Gary Robert Johnson sold 2,187 shares of the company's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total transaction of $87,480.00. Following the completion of the sale, the senior vice president now directly owns 36,600 shares of the company's stock, valued at approximately $1,464,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Gary Robert Johnson sold 2,187 shares of the company's stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $40.00, for a total transaction of $87,480.00. Following the sale, the senior vice president now directly owns 36,600 shares of the company's stock, valued at approximately $1,464,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brent C. Jewell sold 1,313 shares of the company's stock in a transaction that occurred on Monday, July 11th. The shares were 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 $875,444.68. The disclosure for this sale can be found here. 1.82% of the stock is owned by company insiders. Institutional Trading of Apogee Enterprises
A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Apogee Enterprises by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company's stock worth $17,285,000 after buying an additional 1,767 shares in the last quarter. Bank of Montreal Can boosted its stake in Apogee Enterprises by 4.3% in the 1st quarter. Bank of Montreal Can now owns 20,030 shares of the industrial products company's stock valued at $986,000 after buying an additional 833 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Apogee Enterprises by 58.3% during the 1st quarter. MetLife Investment Management LLC now owns 13,292 shares of the industrial products company's stock worth $631,000 after purchasing an additional 4,895 shares in the last quarter. Rhumbline Advisers lifted its holdings in Apogee Enterprises by 0.6% during the 1st quarter. Rhumbline Advisers now owns 70,989 shares of the industrial products company's stock valued at $3,369,000 after purchasing an additional 404 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Apogee Enterprises by 11.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,436 shares of the industrial products company's stock worth $1,017,000 after buying an additional 2,288 shares during the last quarter. 89.95% of the stock is owned by hedge funds and other institutional investors. Apogee Enterprises Company Profile (Get Rating)
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.Read MoreGet a free copy of the StockNews.com research report on Apogee Enterprises (APOG)Has AMD stock stock fallen too far?Oracle’s Short-Term Pain Could Be Your Long-Term Gain Lucid is Looking Like a Clear EV WinnerStill Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity?
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