Q3 Earnings Forecast for Apogee Enterprises Issued By Sidoti

Apogee Enterprises, Inc. (NASDAQ:APOG) – Sidoti lowered their Q3 2027 earnings per share estimates for shares of Apogee Enterprises in a research report issued on Tuesday, June 30th. Sidoti analyst J. Romero now forecasts that the industrial products company will earn $0.83 per share for the quarter, down from their prior estimate of $0.92. The consensus estimate for Apogee Enterprises’ current full-year earnings is $2.94 per share. Sidoti also issued estimates for Apogee Enterprises’ Q4 2027 earnings at $0.99 EPS.

A number of other brokerages have also recently issued reports on APOG. Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Wall Street Zen raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG opened at $43.84 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34. The business’s fifty day moving average price is $38.21 and its two-hundred day moving average price is $37.40. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $50.88. The stock has a market capitalization of $935.98 million, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. The business had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.Apogee Enterprises’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Apogee Enterprises by 40.3% in the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after buying an additional 2,447 shares in the last quarter. AQR Capital Management LLC lifted its position in Apogee Enterprises by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Apogee Enterprises by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after buying an additional 556 shares in the last quarter. Millennium Management LLC grew its holdings in Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after acquiring an additional 292,952 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Apogee Enterprises by 120.3% during the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock worth $3,673,000 after acquiring an additional 43,297 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be given a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 annualized dividend and a yield of 2.5%. Apogee Enterprises’s payout ratio is presently 33.86%.

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.