Hot High Dividend Companies To Watch For 2015: Apogee Enterprises Inc.(APOG)
Apogee Enterprises, Inc., together with its subsidiaries, engages in the design and development of glass products, services, and systems. The company operates through two segments, Architectural Products and Services, and Large-Scale Optical Technologies. The Architectural Products and Services segment designs, engineers, fabricates, installs, maintains, and renovates the walls of glass, windows, storefront, and entrances comprising the outside skin of commercial and institutional buildings. This segment involves in the fabrication of coated and high-performance architectural glass; installation and renovation of full-service building glass; manufacture of aluminum window systems and curtain walls; painting and anodizing finishing of architectural aluminum and PVC shutters; and fabrication of aluminum storefront, entrance, and curtain wall products. Its architectural glass products and services are primarily used in commercial buildings, such as office towers, hotels, and retail centers; institutional buildings comprising education facilities and dormitories, health care facilities, and government buildings; and high-end condominiums. This segment markets its products through direct sales, and distribution and independent sales representatives to architects, building owners, general contractors, and glazing subcontractors in the commercial construction market. The Large-Scale Optical Technologies segment manufactures glass and acrylic products for the custom picture framing market. This segment distributes its products through independent distributors and mass merchandisers, as well as directly to museums, and public and private galleries. The company offers its products primarily in North America and Europe. Apogee Enterprises, Inc. was founded in 1949 and is headquartered in Minneapolis, Minnesota.
Advisors' ! Opinion:- [By Rick Munarriz]
Apogee Enterprises (NASDAQ: APOG ) has carved out a cozy living making value-added glass products for the architectural and picture-framing industries. Another thing it does is make analysts look like perpetual underachievers. If analysts say the company posted a profit of $0.17 a share in its latest quarter, I'll whip out a "greater than" sign. History's on my side!
- [By Travis Hoium]
What: Shares of glass-product maker Apogee Enterprises (NASDAQ: APOG ) fell 10% today after releasing fiscal fourth quarter earnings.
So what: Revenue increased 7%, to $179.7 million, which was in-line with expectations. Net income jumped 48%, to $4.4 million, or $0.15 per share, but that fell $0.02 short of estimates, and that's why the stock is down today. For fiscal 2014, the company expects to earn $0.90 to $1.00 per share from continuing operations, which compares to the $0.97 estimate.
- [By Rick Munarriz]
I went out on a limb last week, and now it's time to see how that decision played out.
I predicted that Apple (NASDAQ: AAPL ) would close higher on the week. The consumer-tech giant was approaching new lows, and it seemed as if the fears of its demise and hype over recently introduced smartphones were overblown. Apple shares benefited from a bullish week of trading, climbing 1.6% on the week. I was right. I predicted that the tech-heavy Nasdaq would outperform the Dow Jones Industrial Average. (DJINDICES: ^DJI ) . This has been a tricky call lately, so how did it play out this time? Well, the market rallied in a major way this week, with secondary stocks leading the way. The Nasdaq soared 2.8% on the week. The Dow managed to close just 2.1% higher. I was right. My final call was for Apogee (NASDAQ: APOG ) to beat Wall Street's quarterly profit target. The maker of value-added glass products for the architectural and picture framing industr! ies has b! een beating Wall Street estimates consistently over the past year. Why should that end? Analysts were looking for a profit of $0.17 a share during the quarter, and it came through with net income of $0.15. I was wrong.Two out of three? I can do better than that. Let me once again whip out my trusty, dusty, and occasionally accurate crystal ball to make three calls that may play out over the next few trading days.
- [By Rich Smith]
I won't deny it: I've been a longtime fan of glassmaker Apogee Enterprises (NASDAQ: APOG ) . Years ago, when the company decided to forgo some revenue by exiting the market for automotive windshields and focus instead on making higher-margin glass for building windows and picture framing, I thought that was the right call.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-high-dividend-companies-to-watch-for-2015.html
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