DA Davidson Analysts Decrease Earnings Estimates for APOG

Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Research analysts at DA Davidson cut their FY2026 EPS estimates for Apogee Enterprises in a note issued to investors on Tuesday, July 1st. DA Davidson analyst B. Thielman now forecasts that the industrial products company will post earnings of $3.56 per share for the year, down from their prior forecast of $3.79. DA Davidson currently has a "Neutral" rating and a $45.00 target price on the stock. The consensus estimate for Apogee Enterprises' current full-year earnings is $4.97 per share.

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

Apogee Enterprises Trading Up 0.1%

NASDAQ APOG traded up $0.06 during trading hours on Wednesday, hitting $43.27. 185,198 shares of the company's stock were exchanged, compared to its average volume of 204,830. The business's 50 day moving average is $39.82 and its 200-day moving average is $48.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. Apogee Enterprises has a 12-month low of $37.53 and a 12-month high of $87.93. The firm has a market capitalization of $933.23 million, a P/E ratio of 18.49 and a beta of 0.96.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%. The company had revenue of $346.62 million during the quarter, compared to the consensus estimate of $326.08 million. During the same period in the previous year, the firm posted $1.44 EPS. Apogee Enterprises's revenue was up 4.6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. New Age Alpha Advisors LLC purchased a new stake in Apogee Enterprises during the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Apogee Enterprises during the fourth quarter worth approximately $42,000. Meeder Asset Management Inc. bought a new stake in shares of Apogee Enterprises in the fourth quarter worth $57,000. Financial Gravity Asset Management Inc. acquired a new stake in Apogee Enterprises in the first quarter valued at $44,000. Finally, Vestcor Inc bought a new position in Apogee Enterprises during the 4th quarter valued at $106,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be given a $0.26 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.40%. Apogee Enterprises's payout ratio is currently 26.80%.

Apogee Enterprises Company Profile

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).