Apogee, Apigee and Everything In-Between: The Latest On These 5 Trending Stocks

Apogee Enterprises Inc (NASDAQ:APOG) is 8% in the green in pre-market trading after the company reported better-than-expected fiscal year 2017 second quarter results. For the period, Apogee earned $0.77 per share on revenue of $278.5 million, beating the consensus targets by $0.10 and $10.45 million respectively. Sales rose by 15.7% year-over-year, while EPS rose by 54%. Operating margin also inched up by 260 basis points. Apogee’s management expects more of the same for the rest of the year, as they raised their fiscal 2017 EPS outlook to $2.80-to-$2.90 and issued a full-year revenue growth outlook of 10%. 13 funds in our system had a long position in Apogee Enterprises Inc (NASDAQ:APOG) at the end of June, down by one from the end of March.

Like Apogee, Student Transportation Inc (NASDAQ:STB) also solidly beat the consensus estimates for its latest fiscal reporting period, pushing its shares up by 5.45% in extended trading. For its fiscal 2016 fourth quarter, Student Transportation earned $0.07 per share, beating the average analyst estimate by $0.02. Revenue came in at $166.19 million, up by 9% year-over-year, and beating the consensus mark by $2.52 million. For the full fiscal year, the company earned $0.06 per share, up from $0.04 in the previous fiscal year. In addition to the beats, the company’s Board has approved a monthly cash dividend of $0.03667 per common share through the end of the second quarter of its fiscal 2017. Four funds tracked by Insider Monkey were long Student Transportation Inc (NASDAQ:STB) at the end of the second quarter.

Apigee Corp (NASDAQ:APIC) reported an adjusted loss of $0.21 per share for its fiscal 2016 fourth quarter, beating the consensus analyst estimate of a loss of $0.27 per share. Revenue for the period was $25.1 million, up by 34.2% year-over-year, and $0.16 million ahead of estimates. For the full fiscal year, Apigee’s product revenue rose by 46% year-over-year to $75.3 million while its total revenue jumped by 34% to $92 million. Adjusted gross margin was 71.8%, up from 65.3% in the prior fiscal year. The number of funds in our database with holdings in Apigee Corp (NASDAQ:APIC) rose by three during the second quarter to 12 at the end of June. Apigee’s stock is little moved on the news given that it recently agreed to sell itself to Alphabet Inc (NASDAQ:GOOG) for $17.40 per share in cash.

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