FY2027 Earnings Estimate for APOG Issued By DA Davidson

Apogee Enterprises, Inc. (NASDAQ:APOG) – DA Davidson issued their FY2027 earnings per share (EPS) estimates for Apogee Enterprises in a research report issued on Friday, April 25th. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings per share of $3.83 for the year. DA Davidson currently has a “Neutral” rating and a $62.00 target price on the stock. The consensus estimate for Apogee Enterprises’ current full-year earnings is $4.97 per share.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). The company had revenue of $345.69 million for the quarter, compared to the consensus estimate of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share.

APOG has been the subject of several other reports. StockNews.com lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Finally, Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th.

Apogee Enterprises Stock Up 1.6 %

Shares of NASDAQ:APOG opened at $40.38 on Monday. The firm has a market cap of $886.46 million, a P/E ratio of 9.01 and a beta of 0.85. Apogee Enterprises has a 12-month low of $38.67 and a 12-month high of $87.93. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $46.19 and a 200 day simple moving average of $61.26.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises’s payout ratio is currently 26.80%.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of APOG. SummerHaven Investment Management LLC increased its holdings in shares of Apogee Enterprises by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company’s stock worth $611,000 after buying an additional 282 shares during the last quarter. Bank of Montreal Can raised its position in Apogee Enterprises by 4.0% during the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 298 shares during the last quarter. KBC Group NV boosted its holdings in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 408 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Apogee Enterprises by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company’s stock worth $888,000 after buying an additional 412 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Apogee Enterprises by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 427 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Apogee Enterprises

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).