Sidoti Boosts Earnings Estimates for Apogee Enterprises

Apogee Enterprises, Inc. (NASDAQ:APOG) – Analysts at Sidoti upped their FY2027 earnings estimates for Apogee Enterprises in a report released on Tuesday, June 30th. Sidoti analyst J. Romero now anticipates that the industrial products company will post earnings of $2.89 per share for the year, up from their previous forecast of $2.77. The consensus estimate for Apogee Enterprises’ current full-year earnings is $2.88 per share. Sidoti also issued estimates for Apogee Enterprises’ Q2 2028 earnings at $0.96 EPS, Q3 2028 earnings at $1.18 EPS, Q4 2028 earnings at $1.07 EPS and FY2028 earnings at $3.90 EPS.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Wall Street Zen upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Apogee Enterprises presently has a consensus rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Stock Down 0.8%

APOG stock opened at $45.74 on Wednesday. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $50.88. The business’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $37.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The company has a market capitalization of $976.55 million, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The business had revenue of $342.68 million during the quarter, compared to analyst estimates of $333.84 million. During the same period last year, the business posted ($0.13) earnings per share. Apogee Enterprises’s quarterly revenue was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.4%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 33.86%.

Institutional Trading of Apogee Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. increased its holdings in shares of Apogee Enterprises by 70.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after acquiring an additional 351,923 shares in the last quarter. American Century Companies Inc. boosted its stake in Apogee Enterprises by 3.9% in the 3rd quarter. American Century Companies Inc. now owns 825,322 shares of the industrial products company’s stock worth $35,959,000 after purchasing an additional 31,090 shares in the last quarter. JPMorgan Chase & Co. grew its position in Apogee Enterprises by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 272,969 shares of the industrial products company’s stock valued at $11,893,000 after purchasing an additional 21,764 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in Apogee Enterprises by 3.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 957,102 shares of the industrial products company’s stock valued at $41,701,000 after purchasing an additional 31,461 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Apogee Enterprises by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after purchasing an additional 166,402 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

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.