Apogee Enterprises, Inc. (APOG) Expected to Post Quarterly Sales of $376.25 Million
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.
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.
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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