Sidoti Boosts Earnings Estimates for Apogee Enterprises

Apogee Enterprises, Inc. (NASDAQ:APOG) – Equities research analysts at Sidoti lifted their FY2027 EPS estimates for Apogee Enterprises in a research note issued to investors on Wednesday, October 7th. Sidoti analyst J. Romero now forecasts that the industrial products company will post earnings of $3.36 per share for the year, up from their prior estimate of $2.89. The consensus estimate for Apogee Enterprises’ current full-year earnings is $3.03 per share. Sidoti also issued estimates for Apogee Enterprises’ Q3 2028 earnings at $1.13 EPS and Q4 2028 earnings at $1.05 EPS.

A number of other equities analysts also recently commented on the stock. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Zacks Research cut Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Weiss Ratings raised Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apogee Enterprises has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Apogee Enterprises Stock Down 0.8%

NASDAQ APOG opened at $40.77 on Friday. The business’s fifty day simple moving average is $39.47 and its 200-day simple moving average is $38.30. The company has a quick ratio of 1.34, a current ratio of 1.78 and a debt-to-equity ratio of 0.64. The firm has a market cap of $852.09 million, a PE ratio of 12.90, a P/E/G ratio of 1.13 and a beta of 1.12. Apogee Enterprises has a 52 week low of $30.75 and a 52 week high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, October 6th. The industrial products company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.59 by $0.58. The firm had revenue of $391.13 million during the quarter, compared to analysts’ expectations of $362.61 million. Apogee Enterprises had a return on equity of 15.20% and a net margin of 4.68%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. Apogee Enterprises has set its FY 2027 guidance at 3.000-3.400 EPS.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 20th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, October 20th. Apogee Enterprises’s payout ratio is 33.86%.

Institutional Trading of Apogee Enterprises

Several institutional investors have recently added to or reduced their stakes in APOG. BlackRock Inc. acquired a new position in Apogee Enterprises during the second quarter worth $155,501,000. Dimensional Fund Advisors LP grew its stake in shares of Apogee Enterprises by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company’s stock valued at $35,668,000 after buying an additional 78,200 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Apogee Enterprises by 11.7% in the first quarter. Renaissance Technologies LLC now owns 190,517 shares of the industrial products company’s stock valued at $6,390,000 after buying an additional 19,934 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Apogee Enterprises in the 2nd quarter valued at $6,228,000. Finally, Grace & White Inc. NY raised its holdings in shares of Apogee Enterprises by 14.3% in the 1st quarter. Grace & White Inc. NY now owns 128,572 shares of the industrial products company’s stock valued at $4,312,000 after buying an additional 16,100 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc is a manufacturer of architectural products and high-performance glass and coating solutions. The company serves the commercial construction, architectural, aerospace, defense, medical, electronics and other specialized markets through operations primarily in North America, with products and services sold to customers in additional international markets.

Apogee’s Architectural Framing Systems segment produces aluminum framing systems, curtainwall, storefront, windows and related components used in commercial and institutional buildings.