Analysts Expect Apogee Enterprises, Inc. (NASDAQ:APOG) to Post $0.53 EPS

Analysts expect that Apogee Enterprises, Inc. (NASDAQ:APOG) will announce earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Apogee Enterprises’ earnings. Apogee Enterprises reported earnings per share of $0.90 during the same quarter last year, which suggests a negative year over year growth rate of 41.1%. The company is expected to issue its next earnings results on Friday, December 17th.

According to Zacks, analysts expect that Apogee Enterprises will report full year earnings of $2.25 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $2.68 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Monday, September 20th. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $325.80 million during the quarter, compared to analysts’ expectations of $315.39 million. Apogee Enterprises had a net margin of 0.28% and a return on equity of 12.68%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS.

Several brokerages have recently commented on APOG. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a report on Tuesday. Craig Hallum increased their price target on shares of Apogee Enterprises from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, November 18th.

Shares of APOG stock traded up $0.03 on Thursday, hitting $47.59. The stock had a trading volume of 36,395 shares, compared to its average volume of 159,765. The business has a 50 day moving average of $41.97 and a 200 day moving average of $40.45. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 432.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.72 and a quick ratio of 1.34. Apogee Enterprises has a 12-month low of $26.06 and a 12-month high of $48.50.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 10th. Investors of record on Tuesday, October 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, October 25th. This represents a $0.80 annualized dividend and a yield of 1.68%. Apogee Enterprises’s payout ratio is currently 727.27%.

In other news, insider Brent C. Jewell sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 28th. The shares were sold at an average price of $39.96, for a total value of $71,928.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary Robert Johnson sold 3,524 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $44.50, for a total transaction of $156,818.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,801 shares of company stock valued at $251,165. 1.38% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Apogee Enterprises by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,713,669 shares of the industrial products company’s stock valued at $110,527,000 after acquiring an additional 50,597 shares during the period. Franklin Resources Inc. raised its stake in Apogee Enterprises by 8.9% in the third quarter. Franklin Resources Inc. now owns 2,265,595 shares of the industrial products company’s stock valued at $85,548,000 after purchasing an additional 184,697 shares in the last quarter. State Street Corp raised its stake in Apogee Enterprises by 0.4% in the second quarter. State Street Corp now owns 1,291,588 shares of the industrial products company’s stock valued at $52,606,000 after purchasing an additional 5,522 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Apogee Enterprises by 33.0% in the third quarter. Segall Bryant & Hamill LLC now owns 890,158 shares of the industrial products company’s stock valued at $33,610,000 after purchasing an additional 221,010 shares in the last quarter. Finally, FMR LLC raised its stake in Apogee Enterprises by 48.3% in the second quarter. FMR LLC now owns 786,895 shares of the industrial products company’s stock valued at $32,050,000 after purchasing an additional 256,292 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc engages in the design and development of architectural products and services. It also provides architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glazing products for custom picture framing. The company operates through the following segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies.

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Earnings History and Estimates for Apogee Enterprises (NASDAQ:APOG)

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