Apogee Enterprises, Inc. (NASDAQ:APOG) Expected to Post Earnings of $0.53 Per Share

Wall Street brokerages forecast that Apogee Enterprises, Inc. (NASDAQ:APOG) will post earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Apogee Enterprises’ earnings. Apogee Enterprises posted earnings per share of $0.90 in the same quarter last year, which would suggest a negative year over year growth rate of 41.1%. The firm is scheduled 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 year, analysts anticipate that the business will post earnings of $2.68 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Monday, September 20th. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Apogee Enterprises had a net margin of 0.28% and a return on equity of 12.68%. The firm had revenue of $325.80 million during the quarter, compared to the consensus estimate of $315.39 million. During the same quarter last year, the business posted $0.73 earnings per share. Apogee Enterprises’s revenue was up 1.9% compared to the same quarter last year.

APOG has been the topic of a number of recent analyst reports. Craig Hallum raised their target price on shares of Apogee Enterprises from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating and set a $51.00 target price on the stock in a research note on Tuesday.

APOG traded up $0.03 on Thursday, reaching $47.59. The company had a trading volume of 36,395 shares, compared to its average volume of 159,765. The business has a 50 day simple moving average of $41.97 and a 200 day simple moving average of $40.45. The company 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 quick ratio of 1.34 and a current ratio of 1.72. Apogee Enterprises has a 52-week low of $26.06 and a 52-week high of $48.50.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 10th. Shareholders of record on Tuesday, October 26th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, October 25th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gary Robert Johnson sold 3,524 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The stock was 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. Insiders have sold 5,801 shares of company stock worth $251,165 over the last three months. Insiders own 1.38% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in Apogee Enterprises by 23.0% in the third quarter. BNP Paribas Arbitrage SA now owns 32,929 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 6,149 shares in the last quarter. Jane Street Group LLC boosted its holdings in Apogee Enterprises by 11.4% in the third quarter. Jane Street Group LLC now owns 6,390 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 653 shares in the last quarter. Wellington Management Group LLP bought a new stake in Apogee Enterprises in the third quarter valued at $6,397,000. Millennium Management LLC bought a new stake in Apogee Enterprises in the third quarter valued at $783,000. Finally, Point72 Hong Kong Ltd bought a new stake in Apogee Enterprises in the third quarter valued at $49,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

About Apogee Enterprises

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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