Apogee Enterprises (NASDAQ:APOG) Issues Quarterly Earnings Results

Key Points

• Apogee Enterprises beat earnings expectations, reporting quarterly EPS of $1.17 versus the consensus estimate of $0.59. The company updated its fiscal 2027 EPS guidance to a range of $3.00–$3.40.
• The company declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 3.0% yield, with a payout ratio of 33.86%.
• Analyst sentiment remains moderately positive: Apogee has a consensus “Moderate Buy” rating and a $70.50 target price, despite one recent downgrade to “Hold.”

Apogee Enterprises (NASDAQ:APOG - Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.59 by $0.58, Zacks reports. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. Apogee Enterprises updated its FY 2027 guidance to 3.000-3.400 EPS.

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG opened at $35.66 on Tuesday. Apogee Enterprises has a one year low of $30.75 and a one year high of $50.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The firm's 50 day simple moving average is $39.46 and its 200-day simple moving average is $38.13. The firm has a market cap of $744.22 million, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, October 20th. Apogee Enterprises's payout ratio is currently 33.86%.

Analysts Set New Price Targets

Several analysts recently weighed in on APOG shares. Zacks Research downgraded Apogee Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Weiss Ratings raised Apogee Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, September 24th. Finally, Wall Street Zen raised Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Apogee Enterprises presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.50.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a manufacturer of architectural products and high-performance glass and coating solutions. The company serves the commercial construction, architectural, aerospace, defense, medical, electronics and other specialized markets through operations primarily in North America, with products and services sold to customers in additional international markets.

Apogee's Architectural Framing Systems segment produces aluminum framing systems, curtainwall, storefront, windows and related components used in commercial and institutional buildings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.