Apogee Enterprises (NASDAQ:APOG – Get Free Report) updated its FY 2027 earnings guidance on Friday. The company provided EPS 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.
Analysts Set New Price Targets
A number of research analysts have commented on APOG shares. Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Wall Street Zen raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.50.
Get Our Latest Stock Report on APOG
Apogee Enterprises Stock Performance
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last announced 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. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The business had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. During the same period in the previous year, the business earned ($0.13) EPS. Apogee Enterprises’s revenue 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. As a group, sell-side analysts anticipate that Apogee Enterprises will post 2.88 EPS for the current fiscal year.
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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 14th. Apogee Enterprises’s payout ratio is currently 42.86%.
Apogee Enterprises News Roundup
Here are the key news stories impacting Apogee Enterprises this week:
- Positive Sentiment: Apogee posted adjusted EPS of $0.57, well above the $0.43 consensus estimate, while revenue of $342.68 million also topped forecasts. Apogee Enterprises Reports Fiscal 2027 First Quarter Results
- Positive Sentiment: The company swung to profitability versus a loss in the same quarter last year, signaling improved operating performance. Apogee Enterprises Stock Jumps on Swing to 1Q Profit
- Positive Sentiment: Apogee raised its FY2027 outlook, guiding EPS to $2.70-$3.25 and revenue to roughly $1.38 billion-$1.43 billion, which supports the view that momentum may continue. Apogee outlines FY2027 sales of $1.38B-$1.43B while adding Kalwall at ~$85M revenue run-rate
- Neutral Sentiment: The board also declared a quarterly cash dividend of $0.27 per share, reinforcing shareholder returns but not likely the main driver of the stock move. Apogee Enterprises Declares Quarterly Cash Dividend
- Neutral Sentiment: Revenue was still down 1.1% year over year, so investors may be watching for stronger top-line growth in coming quarters. Apogee Enterprises (APOG) Beats Q1 Earnings and Revenue Estimates
Institutional Trading of Apogee Enterprises
A number of hedge funds and other institutional investors have recently modified their holdings of APOG. Man Group plc boosted its position in 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 buying an additional 418 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Apogee Enterprises by 11.5% in the second quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 537 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 556 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Apogee Enterprises by 45.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 684 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Apogee Enterprises during the second quarter worth $38,000. Institutional investors and hedge funds own 94.05% of the company’s stock.
About Apogee Enterprises
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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