Apogee Enterprises - APOG Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apogee Enterprises in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" APOG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APOG, but not buy additional shares or sell existing shares.
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1 analysts have issued 1-year target prices for Apogee Enterprises' shares. Their APOG share price forecasts range from $43.00 to $43.00. On average, they anticipate the company's share price to reach $43.00 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
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Apogee Enterprises' stock was trading at $48.15 at the start of the year. Since then, APOG shares have decreased by 16.6% and is now trading at $40.15.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 20th 2022.
View our APOG earnings forecast.

Apogee Enterprises, Inc. (NASDAQ:APOG) issued its quarterly earnings data on Tuesday, September, 20th. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.17. The industrial products company earned $372.10 million during the quarter, compared to analyst estimates of $342.84 million. Apogee Enterprises had a trailing twelve-month return on equity of 21.94% and a net margin of 3.95%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS.

Apogee Enterprises announced a quarterly dividend on Thursday, June 23rd. Shareholders of record on Tuesday, July 12th will be given a dividend of $0.22 per share on Wednesday, July 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, July 11th.
Read our dividend analysis for APOG.

Apogee Enterprises (NASDAQ:APOG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.30%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, APOG will have a dividend payout ratio of 22.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APOG.

Apogee Enterprises updated its FY 2023 earnings guidance on Tuesday, October, 4th. The company provided EPS guidance of $3.75-$4.05 for the period, compared to the consensus estimate of $3.66. The company issued revenue guidance of $1.42 billion-$1.45 billion, compared to the consensus revenue estimate of $1.38 billion.

7 employees have rated Apogee Enterprises Chief Executive Officer Joseph Puishys on Glassdoor.com. Joseph Puishys has an approval rating of 81% among the company's employees. 58.0% of employees surveyed would recommend working at Apogee Enterprises to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Apogee Enterprises investors own include Energy Transfer (ET), Home Depot (HD), AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), McDonald's (MCD), Verizon Communications (VZ), Advanced Micro Devices (AMD), NVIDIA (NVDA) and Pfizer (PFE).

Apogee Enterprises trades on the NASDAQ under the ticker symbol "APOG."

Shares of APOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APOG stock can currently be purchased for approximately $40.15.

Apogee Enterprises (NASDAQ:APOG) has a market capitalization of $889.60 million and generates $1.31 billion in revenue each year. The industrial products company earns $3.49 million in net income (profit) each year or $2.45 on an earnings per share basis.

The company employs 5,500 workers across the globe.

Apogee Enterprises' mailing address is 4400 WEST 78TH STREET SUITE 520, MINNEAPOLIS MN, 55435. The official website for the company is www.apog.com. The industrial products company can be reached via phone at (952) 835-1874 or via email at ir@apog.com.