Apogee Enterprises (NASDAQ:APOG) Updates FY 2027 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share guidance of 2.700-3.250 for the period, compared to the consensus estimate of 2.820. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $48.92 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 stock has a fifty day moving average price of $37.63 and a 200 day moving average price of $37.28. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $50.88. The company has a market cap of $1.04 billion, a PE ratio of 15.34, a P/E/G ratio of 1.42 and a beta of 1.18.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. The business had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Sell-side analysts forecast that Apogee Enterprises will post 2.88 EPS for the current year.

Apogee Enterprises Dividend Announcement

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 $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 14th. Apogee Enterprises’s payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Wall Street Zen raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.50.

Key Stories Impacting Apogee Enterprises

Here are the key news stories impacting Apogee Enterprises this week:

• Positive Sentiment: Apogee posted adjusted EPS of $0.57, well above the $0.43 consensus estimate, while revenue of $342.68 million also topped forecasts. Apogee Enterprises Reports Fiscal 2027 First Quarter Results
• Positive Sentiment: The company swung to profitability versus a loss in the same quarter last year, signaling improved operating performance. Apogee Enterprises Stock Jumps on Swing to 1Q Profit
• Positive Sentiment: Apogee raised its FY2027 outlook, guiding EPS to $2.70-$3.25 and revenue to roughly $1.38 billion-$1.43 billion, which supports the view that momentum may continue. Apogee outlines FY2027 sales of $1.38B-$1.43B while adding Kalwall at ~$85M revenue run-rate
• Neutral Sentiment: The board also declared a quarterly cash dividend of $0.27 per share, reinforcing shareholder returns but not likely the main driver of the stock move. Apogee Enterprises Declares Quarterly Cash Dividend
• Neutral Sentiment: Revenue was still down 1.1% year over year, so investors may be watching for stronger top-line growth in coming quarters. Apogee Enterprises (APOG) Beats Q1 Earnings and Revenue Estimates

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of APOG. Royal Bank of Canada lifted its stake in shares of Apogee Enterprises by 40.3% during the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after buying an additional 2,447 shares during the period. AQR Capital Management LLC boosted its position in Apogee Enterprises by 24.0% during the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after acquiring an additional 11,608 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Apogee Enterprises by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 556 shares during the period. Millennium Management LLC grew its stake in Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after acquiring an additional 292,952 shares during the period. Finally, Jane Street Group LLC raised its holdings in Apogee Enterprises by 120.3% in the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock valued at $3,673,000 after acquiring an additional 43,297 shares during the last quarter. 94.05% of the stock is currently 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.