Apogee Enterprises (NASDAQ:APOG), a leading provider of architectural glass and framing systems, is set to release its earnings data on Tuesday, September 19th. Analysts anticipate that the company will report earnings of $1.01 per share for the quarter.
The company has also provided its guidance for fiscal year 2024, with an expected range of $4.15 to $4.45 earnings per share.
Individuals interested in learning more about Apogee Enterprises and its financial performance can register for the company’s earnings conference call through a provided link.
In recent news, EVP Curtis John Dobler sold a total of 3,727 shares of the business’s stock on July 19th at an average price of $46.95 per share. This transaction amounted to $174,982.65. Following the sale, Dobler now holds 34,314 shares worth approximately $1,611,042.30.
Furthermore, insider Jane Marie Boyce sold 14,500 shares of Apogee Enterprises stock on July 18th at an average price of $47.42 per share. This resulted in a total transaction value of $687,590.00. Boyce now possesses 42,603 shares valued at around $2,020,234.26.
These sales were disclosed in legal filings with the Securities & Exchange Commission (SEC), which are available through provided hyperlinks.
Aside from these transactions, EVP Curtis John Dobler also sold an additional 3,727 shares on July 19th at an average price of $46.95 per share amounting to $174,982.65 in value. Following this transaction, Dobler now holds 34,314 shares worth approximately $1,611,042.30.
Over the past three months alone, insiders have collectively sold a total of 19,727 shares valued at $934 ,648 . Corporate insiders currently own 2.00% of the company’s stock.
The firm recently declared a quarterly dividend, which was paid on July 27th to shareholders of record as of July 12th. The dividend payout was $0.24 per share and the ex-dividend date was July 11th. This equates to an annualized dividend of $0.96 and a yield of 1.97%. Apogee Enterprises maintains a dividend payout ratio of 20.38%.
Overall, investors and industry analysts eagerly await Apogee Enterprises’ earnings data for valuable insights into the company’s financial performance in future quarters.
Apogee Enterprises, Inc.
APOG
Strong Buy
Updated on: 13/09/2023
Apogee Enterprises Exceeds Earnings Expectations and Shows Strong Financial Performance for Q2
Apogee Enterprises, a leading industrial products company, recently released its earnings results for the quarter ending on June 23rd. The company exceeded expectations with an earnings per share (EPS) of $1.05, which was $0.15 higher than the consensus estimate of $0.90.
The return on equity for Apogee Enterprises stood at an impressive 23.39%, showcasing the company’s ability to generate profits from shareholders’ investments. Moreover, the net margin reached 7.26%, indicating a healthy level of profitability.
During this quarter, the company reported revenue of $361.80 million, surpassing the consensus estimate of $355.60 million by achieving a growth rate of 1.5% compared to the same period last year when it posted $1.00 EPS.
Looking ahead, analysts anticipate that Apogee Enterprises will continue its strong performance and deliver robust financial results in both the current and next fiscal years, expecting earnings per share (EPS) of $4 for each period.
On September 12th, shares of APOG opened at a price of $48.73 and have been trading steadily since then. The company’s fifty-day simple moving average stands at $48.82 while its two-hundred-day simple moving average is slightly lower at $44.57.
Apogee Enterprises boasts a current ratio of 1.69 and a quick ratio of 1.34, indicating that it has sufficient liquidity to meet its short-term obligations as they arise. Furthermore, with a debt-to-equity ratio of 0.42, Apogee demonstrates prudent financial management by maintaining low levels of debt.
Over the past year, the company’s stock has experienced significant price fluctuations; reaching a low point of $36.62 and a high point of $51.69 which highlights volatility in its market performance.
With a market capitalization value exceeding one billion dollars, Apogee Enterprises has established itself as a significant player in the industrial products industry. The company currently holds a price-to-earnings ratio of 10.35, suggesting that investors may view it as an undervalued investment opportunity.
In news regarding insider transactions, EVP Curtis John Dobler sold 3,727 shares of Apogee Enterprises stock on July 19th. The average selling price was $46.95, resulting in a total transaction value of $174,982.65. Following this sale, Dobler now directly owns 34,314 shares worth approximately $1,611,042.30.
Another notable insider transaction involved insider Jane Marie Boyce selling 14,500 shares of the company’s stock on July 18th at an average price of $47.42 per share. Boyce now possesses 42,603 shares valued at approximately $2,020,234.26.
These transactions were disclosed in legal filings with the Securities & Exchange Commission (SEC), which are available for public viewing.
It is also worth noting that in the past three months alone, insiders have sold a total of 19,727 shares of Apogee Enterprises stock amounting to approximately $934,648. Corporate insiders currently hold a stake of 2% in the company’s stock.
In terms of research reports on Apogee Enterprises’ performance and potential prospects, DA Davidson recently raised their price target from $44 to $50 for the company’s stock in a research note issued on June 27th.
StockNews.com also initiated coverage on Apogee Enterprises and assigned it a “buy” rating on August 17th.
As investors and analysts continue to evaluate Apogee Enterprises’ financial performance and business outlooks for potential opportunities or risks associated with its stock (NASDAQ:APOG), it is recommended to keep track of the latest information available through detailed stock analysis reports.
