Brokerages forecast that Apogee Enterprises Inc (NASDAQ:APOG) will post earnings per share of $0.57 for the current quarter, according to Zacks. Five analysts have issued estimates for Apogee Enterprises’ earnings. The highest EPS estimate is $0.74 and the lowest is $0.46. Apogee Enterprises posted earnings per share of $0.54 during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is expected to report its next earnings report on Thursday, June 27th.
According to Zacks, analysts expect that Apogee Enterprises will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.10. For the next fiscal year, analysts expect that the firm will post earnings of $3.56 per share, with EPS estimates ranging from $3.45 to $3.62. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, April 11th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.06). The company had revenue of $346.26 million during the quarter, compared to the consensus estimate of $357.18 million. Apogee Enterprises had a net margin of 3.26% and a return on equity of 16.14%. During the same period in the prior year, the company posted $0.89 EPS.
Several research analysts have issued reports on APOG shares. BidaskClub raised Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. ValuEngine raised Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Monday, May 13th. DA Davidson upped their price target on Apogee Enterprises to $35.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Sidoti cut Apogee Enterprises from a “buy” rating to a “neutral” rating in a report on Monday, February 25th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Apogee Enterprises presently has a consensus rating of “Hold” and a consensus price target of $45.25.
In other Apogee Enterprises news, Director Jerome L. Davis sold 9,276 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $37.63, for a total transaction of $349,055.88. Following the sale, the director now directly owns 17,251 shares of the company’s stock, valued at approximately $649,155.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sara L. Hays sold 1,985 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $39.14, for a total transaction of $77,692.90. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in APOG. PNC Financial Services Group Inc. raised its stake in Apogee Enterprises by 105.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 481 shares during the period. Versant Capital Management Inc raised its stake in Apogee Enterprises by 475.4% during the 1st quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 870 shares during the period. Bessemer Group Inc. acquired a new stake in Apogee Enterprises during the 4th quarter valued at $45,000. Cutler Group LP acquired a new stake in Apogee Enterprises during the 1st quarter valued at $48,000. Finally, First Bank & Trust raised its stake in Apogee Enterprises by 73.1% during the 4th quarter. First Bank & Trust now owns 3,565 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 1,505 shares during the period. 97.73% of the stock is currently owned by institutional investors.
Shares of NASDAQ APOG traded up $0.34 during trading on Friday, hitting $39.15. The company had a trading volume of 94,447 shares, compared to its average volume of 230,813. The stock has a market capitalization of $1.04 billion, a P/E ratio of 13.23, a P/E/G ratio of 1.32 and a beta of 1.62. Apogee Enterprises has a 52 week low of $26.38 and a 52 week high of $50.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 1.63.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, May 15th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.65%.
About Apogee Enterprises
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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