Apogee Enterprises (NASDAQ:APOG) Issues FY 2022 Pre-Market Earnings Guidance

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Apogee Enterprises (NASDAQ:APOG) issued an update on its FY 2022
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.10-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.59.

APOG stock opened at $39.46 on Thursday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 14.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.63 and a quick ratio of 1.28. Apogee Enterprises has a 1-year low of $15.82 and a 1-year high of $42.70. The business has a fifty day moving average price of $39.39 and a 200-day moving average price of $31.87.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were given a $0.20 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, January 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. Apogee Enterprises’s payout ratio is 33.61%.

A number of analysts have recently commented on the stock. Craig Hallum lifted their price target on shares of Apogee Enterprises from $31.00 to $39.00 and gave the stock a buy rating in a research note on Monday, December 21st. Zacks Investment Research lowered shares of Apogee Enterprises from a buy rating to a hold rating and set a $40.00 price target for the company. in a research report on Monday, February 22nd.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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