Apogee Enterprises Inc (NASDAQ: APOG) has reported earnings for its third fiscal quarter (ending November 30) of $1.24 versus $1.09 for the same period a year ago — an increase of 14%. For the latest four quarters through November 30, E.P.S. were $4.74 compared to $3.14 a year ago — an increase of 51%.
Recent Price Action
On 12/21/23, Apogee Enterprises Inc (NASDAQ: APOG) stock enjoyed a large increase of 3.1%, closing at $53.38. Moreover, trading volume in this advance was exceptionally high at 206% of normal. The stock has risen 7.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
APOG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Apogee Enterprises has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Apogee Enterprises has a slightly negative Appreciation Score of 38 but a very high Power Rating of 89, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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