Apogee Enterprises, Inc. (APOG) To Go Ex-Dividend on May 13th

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, May 13th will be given a dividend of 0.27 per share by the industrial products company on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, May 13th.

Apogee Enterprises has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Apogee Enterprises has a payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Apogee Enterprises to earn $3.57 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 30.3%.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $36.65 on Monday. Apogee Enterprises has a 12-month low of $30.75 and a 12-month high of $49.99. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $36.77. The stock has a market cap of $777.71 million, a PE ratio of 14.54, a P/E/G ratio of 1.07 and a beta of 1.17.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, April 24th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The firm had revenue of $351.35 million for the quarter, compared to analysts’ expectations of $335.98 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, analysts expect that Apogee Enterprises will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on APOG. Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.50.

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.