Apogee Enterprises Inc (APOG) Releases Earnings Results, Beats Expectations By $0.10 EPS

Apogee Enterprises Inc (APOG) announced its most recent quarterly financial results on Wednesday, Sep-14-2016. APOG said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.67. The company posted revenue of $278.50 million in the period, compared to analysts expectations of $269.11 million. APOG’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Apogee Enterprises Inc. Apogee Enterprises Inc was Downgraded by Goldman to ” Neutral” on Jul 12, 2016.

Apogee Enterprises Inc opened for trading at $44.92 and hit $46.07 on the upside on Monday, eventually ending the session at $45.9, with a gain of 1.75% or 0.79 points. The heightened volatility saw the trading volume jump to 205,596 shares. Company has a market cap of $1,322 M.

In a different news, on Jul 27, 2016, Robert J Marzec (director) sold 500 shares at $46.64 per share price. According to the SEC, on Jul 14, 2016, Sara L Hays (director) sold 2,000 shares at $47.00 per share price. On Jul 13, 2016, Joseph F. Puishys (Chief Executive Officer & Pres) sold 25,000 shares at $46.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Apogee Enterprises Inc. is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art. The Company operates in four segments: Architectural Glass Architectural Services Architectural Framing Systems and Large-Scale Optical Technologies. The Architectural Glass segment fabricates glass used in customized window and curtainwall systems comprising the outside skin of buildings. The Architectural Services segment primarily installs and renovates customized aluminum and glass window and curtainwall systems comprising the outside skin of buildings. The Architectural Framing Systems segment designs engineers and fabricates the aluminum frames used in customized aluminum and glass window curtainwall storefront and entrance systems comprising the outside skin and entrances of buildings. Large-Scale Optical Technologies segment manufactures value-added glass and acrylic products primarily for the custom picture framing market.

Apogee Enterprises Inc

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