What is DA Davidson's Forecast for APOG FY2027 Earnings?

Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Stock analysts at DA Davidson issued their FY2027 earnings per share estimates for Apogee Enterprises in a research note issued on Friday, April 25th. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings of $3.83 per share for the year. DA Davidson currently has a "Neutral" rating and a $62.00 target price on the stock. The consensus estimate for Apogee Enterprises' current full-year earnings is $4.97 per share.

Several other research firms have also recently commented on APOG. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. StockNews.com lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th.

Apogee Enterprises Price Performance

APOG stock traded up $0.64 during trading on Monday, hitting $40.38. The stock had a trading volume of 329,072 shares, compared to its average volume of 192,582. The company's 50-day moving average price is $46.19 and its two-hundred day moving average price is $61.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The stock has a market capitalization of $886.46 million, a P/E ratio of 9.01 and a beta of 0.85. Apogee Enterprises has a twelve month low of $38.67 and a twelve month high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). The business had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. Apogee Enterprises's revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share.

Institutional Investors Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock valued at $82,548,000 after buying an additional 75,438 shares during the last quarter. American Century Companies Inc. grew its holdings in Apogee Enterprises by 12.9% in the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after purchasing an additional 79,009 shares during the last quarter. Northern Trust Corp increased its holdings in Apogee Enterprises by 19.9% during the 4th quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company's stock valued at $19,848,000 after acquiring an additional 46,220 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Apogee Enterprises by 87.9% during the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after purchasing an additional 87,356 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock worth $8,775,000 after purchasing an additional 81,400 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises's dividend payout ratio is currently 26.80%.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).