Wall Street analysts expect that Apogee Enterprises Inc (NASDAQ:APOG) will post sales of $324.80 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Apogee Enterprises’ earnings, with estimates ranging from $318.25 million to $333.10 million. Apogee Enterprises reported sales of $336.53 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.5%. The business is expected to issue its next earnings results before the market opens on Thursday, June 27th.
According to Zacks, analysts expect that Apogee Enterprises will report full year sales of $1.43 billion for the current financial year. For the next financial year, analysts expect that the company will report sales of $1.50 billion, with estimates ranging from $1.48 billion to $1.51 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 11th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.06). Apogee Enterprises had a return on equity of 16.14% and a net margin of 3.26%. The business had revenue of $346.26 million during the quarter, compared to the consensus estimate of $357.18 million. During the same period in the prior year, the business earned $0.89 EPS.
In other Apogee Enterprises news, Director Sara L. Hays sold 1,985 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $39.14, for a total value of $77,692.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in APOG. Bank of Montreal Can increased its holdings in shares of Apogee Enterprises by 39.5% during the fourth quarter. Bank of Montreal Can now owns 60,834 shares of the industrial products company’s stock valued at $1,816,000 after acquiring an additional 17,217 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Apogee Enterprises by 5.8% during the fourth quarter. Arizona State Retirement System now owns 43,400 shares of the industrial products company’s stock valued at $1,295,000 after acquiring an additional 2,389 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Apogee Enterprises by 20.0% during the fourth quarter. Rhumbline Advisers now owns 81,510 shares of the industrial products company’s stock valued at $2,433,000 after acquiring an additional 13,609 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Apogee Enterprises by 706.6% during the fourth quarter. SG Americas Securities LLC now owns 62,437 shares of the industrial products company’s stock valued at $1,864,000 after acquiring an additional 54,696 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Apogee Enterprises by 11.5% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,748 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 2,133 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.
NASDAQ APOG traded up $0.01 during trading hours on Wednesday, reaching $38.58. The company’s stock had a trading volume of 3,346 shares, compared to its average volume of 140,862. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.50. Apogee Enterprises has a 52 week low of $26.38 and a 52 week high of $50.87. The stock has a market capitalization of $1.03 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.25 and a beta of 1.63.
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were paid a $0.175 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 1.81%. Apogee Enterprises’s payout ratio is currently 23.65%.
About Apogee Enterprises
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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