Apogee Enterprises (NASDAQ:APOG) Releases FY 2027 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.700-3.250 for the period, compared to the consensus EPS estimate of 2.820. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Analyst Upgrades and Downgrades

APOG has been the topic of a number of research reports. Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Stock Up 1.2%

Shares of Apogee Enterprises stock opened at $42.48 on Friday. Apogee Enterprises has a one year low of $30.75 and a one year high of $49.99. The company has a market cap of $906.95 million, a P/E ratio of 16.86, a PEG ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. The firm has a fifty day moving average of $37.35 and a two-hundred day moving average of $37.20.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The firm had revenue of $351.35 million during the quarter, compared to the consensus estimate of $335.98 million. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, analysts forecast that Apogee Enterprises will post 2.88 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. Apogee Enterprises’s payout ratio is 42.86%.

Institutional Investors Weigh In On Apogee Enterprises

Several institutional investors have recently made changes to their positions in APOG. Invesco Ltd. increased its holdings in shares of Apogee Enterprises by 9.9% in the 4th quarter. Invesco Ltd. now owns 151,526 shares of the industrial products company’s stock valued at $5,517,000 after purchasing an additional 13,649 shares in the last quarter. Summit Global Investments boosted its holdings in Apogee Enterprises by 37.0% during the fourth quarter. Summit Global Investments now owns 17,566 shares of the industrial products company’s stock worth $640,000 after buying an additional 4,745 shares in the last quarter. Vident Advisory LLC boosted its holdings in Apogee Enterprises by 18.2% during the fourth quarter. Vident Advisory LLC now owns 15,218 shares of the industrial products company’s stock worth $554,000 after buying an additional 2,344 shares in the last quarter. State of Tennessee Department of Treasury grew its position in Apogee Enterprises by 40.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,712 shares of the industrial products company’s stock worth $546,000 after buying an additional 4,218 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Apogee Enterprises in the fourth quarter valued at about $206,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.