Apogee Enterprises Inc to Issue Quarterly Dividend of $0.18 (NASDAQ:APOG)

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Apogee Enterprises Inc (NASDAQ:APOG) declared a quarterly dividend on Wednesday, June 26th, RTT News reports. Investors of record on Tuesday, July 16th will be paid a dividend of 0.175 per share by the industrial products company on Wednesday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, July 15th.

Apogee Enterprises has raised its dividend by an average of 12.7% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Apogee Enterprises has a payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Apogee Enterprises to earn $3.54 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 19.8%.

Shares of APOG stock opened at $43.09 on Friday. The firm has a 50 day moving average of $39.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 1.29. Apogee Enterprises has a twelve month low of $26.38 and a twelve month high of $50.87. The company has a market cap of $1.15 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, June 27th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Apogee Enterprises had a return on equity of 16.04% and a net margin of 3.22%. The business had revenue of $355.40 million for the quarter, compared to the consensus estimate of $324.39 million. During the same period last year, the business earned $0.62 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts predict that Apogee Enterprises will post 3.04 earnings per share for the current fiscal year.

In other Apogee Enterprises news, Director Sara L. Hays sold 1,985 shares of Apogee Enterprises stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $39.14, for a total value of $77,692.90. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.

A number of research analysts recently weighed in on APOG shares. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Craig Hallum downgraded Hydrogenics from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. TheStreet raised Select Medical from a “c+” rating to a “b-” rating in a research report on Thursday, June 27th. Finally, DA Davidson dropped their price target on Commerce Bancshares to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.33.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through 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, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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Dividend History for Apogee Enterprises (NASDAQ:APOG)

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