Apogee Enterprises (NASDAQ:APOG) Announces Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings data on Friday. The industrial products company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14, Zacks reports. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The company had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. Apogee Enterprises’s quarterly revenue was down 1.1% on a year-over-year basis. Apogee Enterprises updated its FY 2027 guidance to 2.700-3.250 EPS.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $42.48 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. The company has a market cap of $906.95 million, a P/E ratio of 16.86, a P/E/G ratio of 1.22 and a beta of 1.18. The stock has a 50-day moving average of $37.35 and a two-hundred day moving average of $37.20. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $49.99.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, July 14th. Apogee Enterprises’s payout ratio is currently 42.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APOG. Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.50.

Institutional Investors Weigh In On Apogee Enterprises

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of Apogee Enterprises by 9.9% in the fourth quarter. Invesco Ltd. now owns 151,526 shares of the industrial products company’s stock worth $5,517,000 after acquiring an additional 13,649 shares in the last quarter. Summit Global Investments boosted its stake in shares of Apogee Enterprises by 37.0% in the 4th quarter. Summit Global Investments now owns 17,566 shares of the industrial products company’s stock valued at $640,000 after buying an additional 4,745 shares during the period. Vident Advisory LLC boosted its stake in shares of Apogee Enterprises by 18.2% in the 4th quarter. Vident Advisory LLC now owns 15,218 shares of the industrial products company’s stock valued at $554,000 after buying an additional 2,344 shares during the period. State of Tennessee Department of Treasury grew its position in shares of Apogee Enterprises by 40.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,712 shares of the industrial products company’s stock worth $546,000 after buying an additional 4,218 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth approximately $206,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.