Somewhat Positive Media Coverage Somewhat Unlikely to Affect Apogee Enterprises (APOG) Stock Price
News headlines about Apogee Enterprises (NASDAQ:APOG) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Apogee Enterprises earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.4936211354176 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Apogee Enterprises (NASDAQ:APOG) opened at $48.37 on Thursday. Apogee Enterprises has a fifty-two week low of $40.03 and a fifty-two week high of $61.00. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1,410.37, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.61.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business had revenue of $343.91 million for the quarter, compared to analyst estimates of $349.97 million. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 23.5% on a year-over-year basis. equities research analysts forecast that Apogee Enterprises will post 3.39 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Finally, ValuEngine downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Apogee Enterprises currently has an average rating of “Hold” and an average target price of $63.33.
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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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