Apogee Enterprises Q3 Earnings Forecast Cut by Sidoti

Key Points

• Sidoti lowered Apogee Enterprises’ Q3 2027 EPS forecast to $0.79 from $0.83, while estimating $0.83 for Q4 2027 and $1.07 for Q2 2028.
• Apogee’s latest quarterly results substantially exceeded expectations, with EPS of $1.17 versus the $0.59 consensus and revenue of $391.13 million, up 9.2% year over year.
• The stock has a “Moderate Buy” consensus rating and a $70.50 target price; the company also declared a quarterly dividend of $0.27, equivalent to a 2.6% annualized yield.

Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Research analysts at Sidoti decreased their Q3 2027 EPS estimates for shares of Apogee Enterprises in a research report issued on Wednesday, October 7th. Sidoti analyst J. Romero now expects that the industrial products company will post earnings per share of $0.79 for the quarter, down from their previous estimate of $0.83. The consensus estimate for Apogee Enterprises' current full-year earnings is $3.03 per share. Sidoti also issued estimates for Apogee Enterprises' Q4 2027 earnings at $0.83 EPS and Q2 2028 earnings at $1.07 EPS.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results on Tuesday, October 6th. The industrial products company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.58. Apogee Enterprises had a net margin of 4.68% and a return on equity of 15.20%. The company had revenue of $391.13 million for the quarter, compared to analyst estimates of $362.61 million. During the same period last year, the firm earned $0.98 earnings per share. The firm's revenue was up 9.2% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 3.000-3.400 EPS.

A number of other research firms have also recently commented on APOG. Zacks Research cut Apogee Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Apogee Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, September 24th. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.50.

Apogee Enterprises Stock Performance

APOG stock opened at $41.11 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.78 and a debt-to-equity ratio of 0.64. The firm has a market cap of $857.97 million, a PE ratio of 13.01, a P/E/G ratio of 1.10 and a beta of 1.12. The business has a 50 day moving average of $39.45 and a 200-day moving average of $38.24. Apogee Enterprises has a 12-month low of $30.75 and a 12-month high of $50.88.

Hedge Funds Weigh In On Apogee Enterprises

Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Apogee Enterprises during the second quarter worth $155,501,000. Dimensional Fund Advisors LP boosted its position in shares of Apogee Enterprises by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company's stock valued at $35,668,000 after acquiring an additional 78,200 shares during the period. Renaissance Technologies LLC lifted its position in Apogee Enterprises by 11.7% during the first quarter. Renaissance Technologies LLC now owns 190,517 shares of the industrial products company's stock valued at $6,390,000 after purchasing an additional 19,934 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Apogee Enterprises in the second quarter worth $6,228,000. Finally, Grace & White Inc. NY increased its position in shares of Apogee Enterprises by 14.3% during the 1st quarter. Grace & White Inc. NY now owns 128,572 shares of the industrial products company's stock valued at $4,312,000 after purchasing an additional 16,100 shares during the last quarter. Hedge funds and other institutional investors 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 Wednesday, November 4th. Investors of record on Tuesday, October 20th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, October 20th. Apogee Enterprises's payout ratio is currently 33.86%.

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.

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