Apogee Enterprises (NASDAQ:APOG) Releases FY 2026 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.800-4.200 for the period, compared to the consensus earnings per share estimate of 3.720. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

Apogee Enterprises Stock Down 3.3%

NASDAQ:APOG traded down $1.39 during trading hours on Monday, reaching $40.60. 1,082,191 shares of the stock were exchanged, compared to its average volume of 204,050. The stock has a market cap of $875.74 million, a PE ratio of 17.35 and a beta of 0.97. Apogee Enterprises has a twelve month low of $37.53 and a twelve month high of $87.93. The firm has a 50 day moving average of $39.97 and a 200 day moving average of $48.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The business had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that Apogee Enterprises will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, July 16th. Apogee Enterprises's dividend payout ratio is currently 26.80%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Apogee Enterprises by 40.3% in the 1st quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company's stock valued at $395,000 after buying an additional 2,447 shares during the last quarter. AQR Capital Management LLC raised its position in Apogee Enterprises by 24.0% during the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company's stock worth $2,780,000 after acquiring an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Apogee Enterprises by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company's stock valued at $602,000 after acquiring an additional 556 shares during the last quarter. Millennium Management LLC grew its position in shares of Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock valued at $14,836,000 after acquiring an additional 292,952 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Apogee Enterprises by 120.3% in the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company's stock valued at $3,673,000 after acquiring an additional 43,297 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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).