Apogee Enterprises, Inc. (APOG) Updates FY18 Earnings Guidance

Apogee Enterprises, Inc. (NASDAQ:APOG) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.40-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.44. The company issued revenue guidance of +24-26% to approximately $1.31-1.34 billion, compared to the consensus revenue estimate of $1.39 billion.

Apogee Enterprises, Inc. (NASDAQ APOG) opened at 44.54 on Thursday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.25 and a beta of 1.61. Apogee Enterprises, Inc. has a 1-year low of $39.88 and a 1-year high of $61.00. The firm’s 50-day moving average price is $46.90 and its 200 day moving average price is $53.11.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $349.97 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts predict that Apogee Enterprises, Inc. will post $3.19 EPS for the current year.

A number of equities analysts have issued reports on APOG shares. ValuEngine cut Apogee Enterprises from a buy rating to a hold rating in a report on Friday, September 1st. Sidoti started coverage on Apogee Enterprises in a report on Thursday, May 25th. They issued a buy rating and a $70.00 target price for the company. Zacks Investment Research cut Apogee Enterprises from a hold rating to a sell rating in a report on Monday, August 28th. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a buy rating in a report on Thursday, August 24th. Finally, BidaskClub cut Apogee Enterprises from a sell rating to a strong sell rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $63.75.

In other news, Director Jerome L. Davis sold 18,706 shares of the stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $55.04, for a total value of $1,029,578.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

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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.

Earnings History and Estimates for Apogee Enterprises (NASDAQ:APOG)

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