Apogee Enterprises, Inc. (APOG) To Go Ex-Dividend on October 20th

Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.27 per share by the industrial products company on Wednesday, November 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, October 20th.

Apogee Enterprises has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Apogee Enterprises has a payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Apogee Enterprises to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.7%.

Apogee Enterprises Trading Up 0.3%

Shares of Apogee Enterprises stock opened at $41.38 on Friday. Apogee Enterprises has a 1 year low of $30.75 and a 1 year high of $50.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.78. The company’s fifty day moving average is $39.33 and its two-hundred day moving average is $38.62. The company has a market capitalization of $864.84 million, a P/E ratio of 13.09, a PEG ratio of 1.02 and a beta of 1.12.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, October 6th. The industrial products company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.58. Apogee Enterprises had a return on equity of 15.20% and a net margin of 4.68%. The business had revenue of $391.13 million for the quarter, compared to analysts’ expectations of $362.61 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 3.000-3.400 EPS. Analysts forecast that Apogee Enterprises will post 3.37 earnings per share for the current year.

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.