Wall Street brokerages forecast that Apogee Enterprises, Inc. (NASDAQ:APOG) will announce sales of $376.25 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Apogee Enterprises’ earnings, with estimates ranging from $371.50 million to $381.00 million. Apogee Enterprises posted sales of $274.07 million in the same quarter last year, which suggests a positive year over year growth rate of 37.3%. The business is expected to report its next earnings results before the market opens on Thursday, December 21st.

On average, analysts expect that Apogee Enterprises will report full-year sales of $376.25 million for the current financial year. For the next financial year, analysts expect that the firm will post sales of $1.57 billion per share, with estimates ranging from $1.54 billion to $1.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The company had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 23.5% on a year-over-year basis.

Several equities research analysts recently issued reports on APOG shares. ValuEngine cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. DA Davidson set a $52.00 target price on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub cut shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Apogee Enterprises presently has an average rating of “Hold” and an average target price of $63.33.

Shares of Apogee Enterprises (NASDAQ APOG) traded down $0.36 during mid-day trading on Wednesday, reaching $50.45. 254,700 shares of the company traded hands, compared to its average volume of 260,649. Apogee Enterprises has a 52 week low of $40.03 and a 52 week high of $61.00. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1,455.34, a PE ratio of 17.22, a P/E/G ratio of 1.50 and a beta of 1.61.

Several institutional investors have recently modified their holdings of APOG. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Apogee Enterprises by 79.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,100 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Apogee Enterprises by 99.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 1,198 shares during the period. Flinton Capital Management LLC raised its position in shares of Apogee Enterprises by 80.0% during the 2nd quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 1,360 shares during the period. SG Americas Securities LLC bought a new stake in shares of Apogee Enterprises during the 3rd quarter valued at $190,000. Finally, Advisor Group Inc. raised its position in shares of Apogee Enterprises by 76.9% during the 2nd quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 1,497 shares during the period. Institutional investors and hedge funds own 99.02% of the company’s stock.

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Apogee Enterprises Company Profile

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

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

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