Equities analysts forecast that Apogee Enterprises Inc (NASDAQ:APOG) will report earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Apogee Enterprises’ earnings. Apogee Enterprises posted earnings per share of $0.72 during the same quarter last year, which would suggest a negative year-over-year growth rate of 52.8%. The company is expected to issue its next earnings results on Tuesday, September 15th.
On average, analysts expect that Apogee Enterprises will report full year earnings of $1.70 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $2.08 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Apogee Enterprises had a net margin of 3.74% and a return on equity of 10.21%. The firm had revenue of $289.10 million for the quarter, compared to analysts’ expectations of $304.54 million. During the same period last year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was down 18.7% compared to the same quarter last year.
Several research firms recently issued reports on APOG. DA Davidson reduced their target price on shares of Apogee Enterprises from $35.00 to $22.00 in a report on Friday, April 3rd. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Wednesday, June 3rd. Finally, Sidoti lowered their price target on Apogee Enterprises from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.00.
In other news, Director Lloyd Emerson Johnson purchased 25,140 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were purchased at an average price of $18.75 per share, for a total transaction of $471,375.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in Apogee Enterprises in the fourth quarter valued at about $2,762,000. PNC Financial Services Group Inc. grew its stake in shares of Apogee Enterprises by 42.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,624 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 487 shares during the last quarter. Sei Investments Co. grew its stake in shares of Apogee Enterprises by 4.9% during the fourth quarter. Sei Investments Co. now owns 14,756 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 684 shares during the last quarter. Swiss National Bank grew its stake in shares of Apogee Enterprises by 1.5% during the first quarter. Swiss National Bank now owns 48,900 shares of the industrial products company’s stock worth $1,018,000 after acquiring an additional 700 shares during the last quarter. Finally, ETF Managers Group LLC grew its stake in shares of Apogee Enterprises by 11.4% during the first quarter. ETF Managers Group LLC now owns 7,663 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 784 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.
Shares of NASDAQ:APOG traded down $0.59 during trading on Thursday, hitting $22.49. The company’s stock had a trading volume of 2,006 shares, compared to its average volume of 318,248. The company has a 50-day moving average of $22.04 and a 200-day moving average of $25.54. Apogee Enterprises has a 12 month low of $13.77 and a 12 month high of $46.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.87 and a quick ratio of 1.12. The firm has a market cap of $597.47 million, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.23 and a beta of 1.44.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.188 per share. The ex-dividend date is Monday, July 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.34%. Apogee Enterprises’s dividend payout ratio is currently 31.51%.
Apogee Enterprises Company Profile
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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