Equities research analysts expect Apogee Enterprises, Inc. (NASDAQ:APOG) to announce $376.25 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Apogee Enterprises’ earnings. The lowest sales estimate is $371.50 million and the highest is $381.00 million. Apogee Enterprises posted sales of $274.07 million during the same quarter last year, which suggests a positive year-over-year growth rate of 37.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, December 13th.
On average, analysts expect that Apogee Enterprises will report full year sales of $376.25 million for the current fiscal year. For the next financial year, analysts forecast that the business will post sales of $1.57 billion per share, with estimates ranging from $1.54 billion to $1.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The company had revenue of $343.91 million during the quarter, compared to the consensus estimate of $349.97 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s revenue was up 23.5% compared to the same quarter last year.
Several brokerages have recently weighed in on APOG. BidaskClub downgraded Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $63.33.
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Shares of Apogee Enterprises (NASDAQ:APOG) traded down $0.30 during midday trading on Monday, hitting $46.69. The stock had a trading volume of 71,500 shares, compared to its average volume of 268,604. Apogee Enterprises has a 52 week low of $40.03 and a 52 week high of $61.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.34. The stock has a market capitalization of $1,337.33, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Tuesday, October 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Monday, October 23rd. Apogee Enterprises’s dividend payout ratio is currently 20.44%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV boosted its holdings in Apogee Enterprises by 2.9% in the third quarter. KBC Group NV now owns 55,333 shares of the industrial products company’s stock valued at $2,670,000 after purchasing an additional 1,583 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Apogee Enterprises by 26.9% in the third quarter. Pinnacle Associates Ltd. now owns 10,500 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 2,225 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Apogee Enterprises by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,338,196 shares of the industrial products company’s stock valued at $64,581,000 after purchasing an additional 22,442 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Apogee Enterprises by 7.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 180,696 shares of the industrial products company’s stock valued at $8,721,000 after purchasing an additional 13,057 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Apogee Enterprises by 16.7% in the third quarter. Wells Fargo & Company MN now owns 595,664 shares of the industrial products company’s stock valued at $28,746,000 after purchasing an additional 85,321 shares during the last quarter.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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