Apogee Enterprises Inc. (APOG) Updates FY14 Earnings Guidance
Apogee Enterprises Inc. (NASDAQ:APOG) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.93-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97, American Banking News reports.
Apogee Enterprises Inc. (NASDAQ:APOG) traded up 0.47% during mid-day trading on Wednesday, hitting $29.498. 324,101 shares of the company’s stock traded hands. Apogee Enterprises Inc. has a one year low of $16.62 and a one year high of $30.26. The stock has a 50-day moving average of $27.75 and a 200-day moving average of $26.8. The company has a market cap of $847.7 million and a P/E ratio of 39.20.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.02. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $187.00 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that Apogee Enterprises Inc. will post $0.96 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Apogee Enterprises (NASDAQ:APOG) in a research note to investors on Thursday, August 8th. They now have a $29.00 price target on the stock. Finally, analysts at DA Davidson reiterated a neutral rating on shares of Apogee Enterprises (NASDAQ:APOG) in a research note to investors on Tuesday, June 25th. They now have a $26.00 price target on the stock, down previously from $28.00.
Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $27.75.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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