Apogee Enterprises Q3 Earnings Forecast Decreased by Sidoti

Apogee Enterprises, Inc. (NASDAQ:APOG) – Sidoti lowered their Q3 2027 EPS estimates for Apogee Enterprises in a report issued on Wednesday, October 7th. Sidoti analyst J. Romero now expects that the industrial products company will post earnings of $0.79 per share for the quarter, down from their previous forecast of $0.83. The consensus estimate for Apogee Enterprises’ current full-year earnings is $3.03 per share. Sidoti also issued estimates for Apogee Enterprises’ Q4 2027 earnings at $0.83 EPS and Q2 2028 earnings at $1.07 EPS.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Tuesday, October 6th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.58. The business had revenue of $391.13 million for the quarter, compared to analyst estimates of $362.61 million. Apogee Enterprises had a net margin of 4.68% and a return on equity of 15.20%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Apogee Enterprises has set its FY 2027 guidance at 3.000-3.400 EPS.

Several other analysts have also commented on the stock. Zacks Research lowered shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Apogee Enterprises Stock Up 2.8%

Shares of NASDAQ APOG opened at $41.11 on Thursday. The firm has a fifty day simple moving average of $39.45 and a two-hundred day simple moving average of $38.24. The firm has a market capitalization of $857.97 million, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. The company has a current ratio of 1.78, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. Apogee Enterprises has a 12 month low of $30.75 and a 12 month high of $50.88.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 20th. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. Apogee Enterprises’s payout ratio is presently 33.86%.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Apogee Enterprises by 398.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,312 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,049 shares during the last quarter. Tidal Investments LLC bought a new position in Apogee Enterprises in the 2nd quarter valued at approximately $288,000. Squarepoint Ops LLC increased its holdings in shares of Apogee Enterprises by 17.3% in the 2nd quarter. Squarepoint Ops LLC now owns 47,601 shares of the industrial products company’s stock worth $2,177,000 after purchasing an additional 7,020 shares in the last quarter. Arizona State Retirement System bought a new position in shares of Apogee Enterprises during the second quarter valued at $265,000. Finally, Corient Private Wealth LP boosted its position in shares of Apogee Enterprises by 100.9% during the second quarter. Corient Private Wealth LP now owns 21,830 shares of the industrial products company’s stock valued at $999,000 after buying an additional 10,966 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a manufacturer of architectural products and high-performance glass and coating solutions. The company serves the commercial construction, architectural, aerospace, defense, medical, electronics and other specialized markets through operations primarily in North America, with products and services sold to customers in additional international markets.

Apogee’s Architectural Framing Systems segment produces aluminum framing systems, curtainwall, storefront, windows and related components used in commercial and institutional buildings.