Somewhat Favorable News Coverage Somewhat Unlikely to Impact Apogee Enterprises (NASDAQ:APOG) Stock Price

Media stories about Apogee Enterprises (NASDAQ:APOG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apogee Enterprises earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.4936211354176 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern’s scoring:

Apogee Enterprises (NASDAQ:APOG) traded up $0.73 during mid-day trading on Friday, hitting $45.73. 332,954 shares of the company were exchanged, compared to its average volume of 356,979. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.79 and a quick ratio of 1.34. Apogee Enterprises has a 12-month low of $40.03 and a 12-month high of $61.00. The stock has a market capitalization of $1,288.92, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.48 and a beta of 1.61.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.14). Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. The firm had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $373.35 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. sell-side analysts forecast that Apogee Enterprises will post 3.05 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, ValuEngine cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Apogee Enterprises currently has an average rating of “Buy” and a consensus price target of $63.33.

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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.

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