Alert: New Earnings Report (4/18/24)-Apogee Enterprises Inc (NASDAQ: APOG).

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For its fourth fiscal quarter (ending February 28), Apogee Enterprises Inc (NASDAQ: APOG) has reported E.P.S. of $0.72 compared to $0.92 a year ago. For the latest four quarters through February 28, E.P.S. were $4.55 compared to $4.73 a year ago.

Recent Price Action

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Apogee Enterprises Inc (NASDAQ: APOG) stock enjoyed a very large increase of 7.0% on 4/18/24. The shares closed at $59.84. Moreover, exceptionally high trading volume at 240% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 4.7% during the last week.

Current PriceTarget Research Rating

APOG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Apogee Enterprises has a current Value Trend Rating of C (High Neutral). 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 35 but a very high Power Rating of 90, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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