Q1 Earnings Estimate for Apogee Enterprises Issued By Sidoti

Key Points

• Sidoti raised Apogee Enterprises’ Q1 2028 EPS estimate to $0.70 from $0.69 and projects FY2028 EPS of $3.95. The current full-year consensus estimate is $2.96 per share.
• Apogee’s latest quarterly results exceeded expectations, with EPS of $0.57 versus the $0.43 consensus and revenue of $342.68 million, although revenue declined 1.1% year over year.
• The stock opened at $36.80, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $70.50; the company also pays a quarterly dividend of $0.27 per share, yielding approximately 2.9%.

Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Sidoti raised their Q1 2028 earnings per share (EPS) estimates for shares of Apogee Enterprises in a note issued to investors on Friday, September 18th. Sidoti analyst J. Romero now expects that the industrial products company will post earnings per share of $0.70 for the quarter, up from their prior forecast of $0.69. The consensus estimate for Apogee Enterprises' current full-year earnings is $2.96 per share. Sidoti also issued estimates for Apogee Enterprises' Q2 2028 earnings at $0.97 EPS, Q3 2028 earnings at $1.19 EPS, Q4 2028 earnings at $1.09 EPS and FY2028 earnings at $3.95 EPS.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. The company had revenue of $342.68 million during the quarter, compared to analyst estimates of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS.

Several other research firms also recently weighed in on APOG. Wall Street Zen upgraded shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Zacks Research lowered Apogee Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, Weiss Ratings cut Apogee Enterprises from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 3rd. Two investment 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, Apogee Enterprises presently has a consensus rating of "Moderate Buy" and an average target price of $70.50.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $36.80 on Monday. The company's 50-day simple moving average is $40.27 and its 200-day simple moving average is $38.02. Apogee Enterprises has a 52-week low of $30.75 and a 52-week high of $50.88. The firm has a market cap of $768.02 million, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.46.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.9%. Apogee Enterprises's dividend payout ratio (DPR) is presently 33.86%.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APOG. Gabelli Funds LLC boosted its position in shares of Apogee Enterprises by 427.3% during the 1st quarter. Gabelli Funds LLC now owns 53,852 shares of the industrial products company's stock valued at $1,806,000 after acquiring an additional 43,639 shares during the last quarter. Sei Investments Co. raised its stake in Apogee Enterprises by 99.8% during the first quarter. Sei Investments Co. now owns 61,565 shares of the industrial products company's stock worth $2,065,000 after purchasing an additional 30,748 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Apogee Enterprises by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company's stock valued at $35,668,000 after purchasing an additional 78,200 shares during the last quarter. Bruce & Co. Inc. purchased a new stake in shares of Apogee Enterprises in the 1st quarter valued at approximately $1,677,000. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Apogee Enterprises in the 1st quarter valued at approximately $3,193,000. Institutional investors and hedge funds own 94.05% of the company's stock.

About Apogee Enterprises

Apogee Enterprises, Inc is a manufacturer of architectural products and a provider of services used in the design and construction of commercial buildings. The company's offerings include architectural glass, aluminum framing systems, windows, curtainwall systems and related building-envelope products. Its products are used in offices, educational facilities, healthcare buildings, hotels, airports and other large-scale structures.

Apogee also provides architectural and project-management services, including the design, engineering, fabrication and installation of custom building façades.

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