Apogee Enterprises, Inc. (NASDAQ:APOG – Get Free Report)’s stock price gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $42.48, but opened at $46.03. Apogee Enterprises shares last traded at $48.0970, with a volume of 97,893 shares trading hands.
The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The firm had revenue of $342.68 million for the quarter, compared to analysts’ expectations of $333.84 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS.
Apogee Enterprises Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s payout ratio is currently 42.86%.
More Apogee Enterprises News
- Positive Sentiment: Apogee posted Q1 EPS of $0.57, ahead of the $0.43 consensus estimate, and revenue of $342.68 million versus expectations of $333.84 million, signaling stronger-than-expected operational performance. Why Is Apogee Enterprises Stock Soaring Friday?
- Positive Sentiment: The company also issued FY 2027 EPS guidance of $2.70 to $3.25, which includes the lower end of management expectations but still supports a solid full-year outlook. Apogee Enterprises Reports Fiscal 2027 First Quarter Results
- Neutral Sentiment: Apogee declared a quarterly cash dividend of $0.27 per share, reinforcing shareholder returns but not likely to be the main driver of the stock move. Apogee Enterprises Declares Quarterly Cash Dividend
- Neutral Sentiment: Revenue declined 1.1% from a year ago, which tempers the upbeat reaction to the earnings beat. Conference Call
Analyst Upgrades and Downgrades
APOG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.50.
Check Out Our Latest Stock Report on Apogee Enterprises
Institutional Trading of Apogee Enterprises
Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 296 shares during the period. Man Group plc lifted its stake in shares of Apogee Enterprises by 7.1% in the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 418 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Apogee Enterprises by 11.5% in the 2nd quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 537 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Apogee Enterprises by 79.5% during the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 556 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Apogee Enterprises by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 556 shares during the period. 94.05% of the stock is owned by institutional investors.
Apogee Enterprises Stock Performance
The company has a 50 day moving average of $37.35 and a two-hundred day moving average of $37.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. The company has a market capitalization of $1.04 billion, a PE ratio of 19.43, a PEG ratio of 1.22 and a beta of 1.18.
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.
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