Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Analysts at DA Davidson raised their FY2027 earnings per share (EPS) estimates for Apogee Enterprises in a report issued on Monday, October 13th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings of $4.07 per share for the year, up from their previous estimate of $3.95. DA Davidson has a "Neutral" rating and a $45.00 price target on the stock. The consensus estimate for Apogee Enterprises' current full-year earnings is $4.97 per share.
APOG has been the topic of several other reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Apogee Enterprises in a research report on Wednesday, October 8th. Wall Street Zen raised Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.00.
Get Our Latest Stock Analysis on Apogee Enterprises
Apogee Enterprises Stock Down 2.1%
NASDAQ:APOG opened at $38.75 on Tuesday. The firm has a market capitalization of $833.51 million, a price-to-earnings ratio of 19.00 and a beta of 1.06. Apogee Enterprises has a 1-year low of $37.53 and a 1-year high of $87.93. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The business's fifty day moving average price is $43.11 and its 200 day moving average price is $42.19.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.14. The firm had revenue of $358.19 million for the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.Apogee Enterprises's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS.
Apogee Enterprises Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 29th. Apogee Enterprises's payout ratio is currently 50.98%.
Hedge Funds Weigh In On Apogee Enterprises
A number of institutional investors and hedge funds have recently bought and sold shares of APOG. Financial Gravity Companies Inc. acquired a new position in Apogee Enterprises in the second quarter worth $38,000. Raymond James Financial Inc. acquired a new position in Apogee Enterprises in the second quarter worth $38,000. Financial Gravity Asset Management Inc. acquired a new position in Apogee Enterprises in the first quarter worth $44,000. Quarry LP lifted its stake in shares of Apogee Enterprises by 3,991.1% during the first quarter. Quarry LP now owns 1,841 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 1,796 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in shares of Apogee Enterprises during the second quarter valued at $86,000. Institutional investors and hedge funds own 94.05% of the company's stock.
About Apogee Enterprises
(
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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).
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