Apogee Enterprises Inc. Plans Quarterly Dividend of $0.09 (APOG)
Apogee Enterprises (NASDAQ:APOG) declared a quarterly dividend on Wednesday, October 9th, American Banking and Market News reports. Shareholders of record on Tuesday, October 29th will be given a dividend of $0.09 per share on Wednesday, November 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.21%.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Apogee Enterprises in a research note to investors on Tuesday, October 1st. They set a “conviction-buy” rating and a $38.00 price target on the stock. On a related note, analysts at Northland Capital Partners raised their price target on shares of Apogee Enterprises from $28.00 to $33.00 in a research note to investors on Sunday, September 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Apogee Enterprises in a research note to investors on Thursday, August 8th. They now have a $29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.80.
Shares of Apogee Enterprises (NASDAQ:APOG) traded up 0.74% on Wednesday, hitting $29.80. 197,932 shares of the company’s stock traded hands. Apogee Enterprises has a 1-year low of $18.52 and a 1-year high of $32.00. The stock’s 50-day moving average is $28.86 and its 200-day moving average is $27.02. The company has a market cap of $846.1 million and a price-to-earnings ratio of 37.97.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Wednesday, September 18th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Apogee Enterprises will post $0.97 earnings per share for the current fiscal year.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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