What is DA Davidson's Forecast for APOG FY2027 Earnings?

Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Stock analysts at DA Davidson issued their FY2027 earnings per share (EPS) estimates for Apogee Enterprises in a research note issued on Friday, April 25th. DA Davidson analyst B. Thielman anticipates that the industrial products company will post earnings per share of $3.83 for the year. DA Davidson currently has a "Neutral" rating and a $62.00 price target on the stock. The consensus estimate for Apogee Enterprises' current full-year earnings is $4.97 per share.

Other equities analysts also recently issued reports about the company. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

Apogee Enterprises Stock Performance

NASDAQ:APOG traded up $0.76 during mid-day trading on Monday, reaching $40.84. The stock had a trading volume of 13,627 shares, compared to its average volume of 191,252. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The firm has a market capitalization of $874.75 million, a price-to-earnings ratio of 9.12 and a beta of 0.85. Apogee Enterprises has a twelve month low of $38.67 and a twelve month high of $87.93. The business has a 50 day simple moving average of $45.85 and a 200 day simple moving average of $60.84.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). The firm had revenue of $345.69 million during the quarter, compared to analysts' expectations of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises's payout ratio is currently 26.80%.

Institutional Trading of Apogee Enterprises

A number of institutional investors have recently bought and sold shares of APOG. Victory Capital Management Inc. raised its stake in shares of Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after buying an additional 75,438 shares during the last quarter. American Century Companies Inc. increased its holdings in Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after acquiring an additional 79,009 shares in the last quarter. Northern Trust Corp raised its position in Apogee Enterprises by 19.9% during the fourth quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company's stock worth $19,848,000 after acquiring an additional 46,220 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after purchasing an additional 87,356 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Apogee Enterprises by 196.2% in the fourth quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock valued at $8,775,000 after purchasing an additional 81,400 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).