Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Investment analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of Apogee Enterprises in a note issued to investors on Wednesday, January 8th. DA Davidson analyst B. Thielman now anticipates that the industrial products company will post earnings of $4.96 per share for the year, down from their prior estimate of $5.06. DA Davidson has a "Neutral" rating and a $62.00 price objective on the stock. The consensus estimate for Apogee Enterprises' current full-year earnings is $5.06 per share. DA Davidson also issued estimates for Apogee Enterprises' FY2026 earnings at $4.38 EPS.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company's revenue was up .5% compared to the same quarter last year.
Several other research firms have also commented on APOG. StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday.
View Our Latest Stock Analysis on APOG
Apogee Enterprises Stock Performance
Shares of NASDAQ APOG traded down $1.77 during trading on Friday, reaching $50.75. 489,372 shares of the company traded hands, compared to its average volume of 490,195. The stock has a market cap of $1.11 billion, a P/E ratio of 10.68 and a beta of 1.04. The firm's fifty day simple moving average is $77.45 and its 200 day simple moving average is $70.72. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Apogee Enterprises has a 12-month low of $50.67 and a 12-month high of $87.93.
Hedge Funds Weigh In On Apogee Enterprises
A number of hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new position in shares of Apogee Enterprises during the 3rd quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock worth $38,000 after acquiring an additional 163 shares in the last quarter. Quarry LP raised its position in Apogee Enterprises by 959.4% during the second quarter. Quarry LP now owns 731 shares of the industrial products company's stock worth $46,000 after acquiring an additional 662 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Apogee Enterprises during the third quarter valued at $58,000. Finally, CWM LLC grew its position in shares of Apogee Enterprises by 19.9% in the third quarter. CWM LLC now owns 1,147 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.
Apogee Enterprises Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, January 28th. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's payout ratio is currently 21.05%.
Apogee Enterprises Company Profile
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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).
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