Equities research analysts expect Apogee Enterprises Inc (NASDAQ:APOG) to report $357.15 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Apogee Enterprises’ earnings. The highest sales estimate is $360.24 million and the lowest is $352.80 million. Apogee Enterprises posted sales of $357.72 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.2%. The company is expected to report its next quarterly earnings results on Thursday, December 19th.

On average, analysts expect that Apogee Enterprises will report full-year sales of $1.44 billion for the current year, with estimates ranging from $1.43 billion to $1.44 billion. For the next financial year, analysts anticipate that the company will post sales of $1.51 billion, with estimates ranging from $1.49 billion to $1.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.15. The company had revenue of $357.10 million for the quarter, compared to the consensus estimate of $353.62 million. Apogee Enterprises had a net margin of 3.14% and a return on equity of 15.92%. Apogee Enterprises’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. ValuEngine raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Craig Hallum raised their target price on shares of Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, TheStreet downgraded shares of Apogee Enterprises from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.50.

Several hedge funds have recently modified their holdings of the company. Coastal Investment Advisors Inc. purchased a new stake in Apogee Enterprises during the 2nd quarter worth $5,524,000. FMR LLC increased its stake in Apogee Enterprises by 492.9% during the 1st quarter. FMR LLC now owns 147,702 shares of the industrial products company’s stock worth $5,537,000 after buying an additional 122,790 shares during the period. Westwood Holdings Group Inc. increased its stake in Apogee Enterprises by 30.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 492,730 shares of the industrial products company’s stock worth $18,472,000 after buying an additional 115,539 shares during the period. Morgan Stanley increased its stake in Apogee Enterprises by 739.6% during the 2nd quarter. Morgan Stanley now owns 122,921 shares of the industrial products company’s stock worth $5,339,000 after buying an additional 108,280 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in Apogee Enterprises during the 2nd quarter worth $4,483,000. 90.44% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:APOG traded up $0.06 during trading hours on Friday, reaching $36.13. 3,751 shares of the company were exchanged, compared to its average volume of 209,044. The stock has a 50 day simple moving average of $38.34 and a 200 day simple moving average of $39.06. Apogee Enterprises has a 52-week low of $26.38 and a 52-week high of $46.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.05 and a quick ratio of 0.85. The firm has a market cap of $976.73 million, a price-to-earnings ratio of 12.16, a PEG ratio of 1.14 and a beta of 1.70.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Monday, October 21st will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, October 18th. Apogee Enterprises’s dividend payout ratio is presently 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.

Read More: What is the Rule of 72?

Get a free copy of the Zacks research report on Apogee Enterprises (APOG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Apogee Enterprises (NASDAQ:APOG)

Receive News & Ratings for Apogee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.