Apogee Enterprises (NASDAQ:APOG) Releases FY 2027 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY 2027 earnings guidance on Friday. The company provided earnings per share guidance of 2.700-3.250 for the period, compared to the consensus estimate of 2.820. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Apogee Enterprises Stock Performance

Shares of APOG opened at $42.48 on Friday. Apogee Enterprises has a 1 year low of $30.75 and a 1 year high of $49.99. The stock has a market capitalization of $906.95 million, a PE ratio of 16.86, a PEG ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. The stock has a 50-day simple moving average of $37.35 and a 200-day simple moving average of $37.20.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, April 24th. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The firm had revenue of $351.35 million for the quarter, compared to analyst estimates of $335.98 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, analysts predict that Apogee Enterprises will post 2.88 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 42.86%.

Wall Street Analysts Forecast Growth

APOG has been the subject of a number of analyst reports. Zacks Research upgraded shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.50.

Institutional Trading of Apogee Enterprises

Several institutional investors have recently modified their holdings of the stock. Jain Global LLC acquired a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $277,000. Entropy Technologies LP increased its position in Apogee Enterprises by 32.2% during the fourth quarter. Entropy Technologies LP now owns 7,800 shares of the industrial products company’s stock worth $284,000 after buying an additional 1,900 shares during the period. EntryPoint Capital LLC increased its position in Apogee Enterprises by 50.5% during the fourth quarter. EntryPoint Capital LLC now owns 6,940 shares of the industrial products company’s stock worth $253,000 after buying an additional 2,330 shares during the period. LPL Financial LLC purchased a new stake in Apogee Enterprises in the fourth quarter valued at approximately $238,000. Finally, Man Group plc lifted its stake in Apogee Enterprises by 7.1% in the second quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after buying an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.