Wall Street brokerages expect that Apogee Enterprises Inc (NASDAQ:APOG) will post $327.37 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Apogee Enterprises’ earnings. The highest sales estimate is $337.69 million and the lowest is $318.25 million. Apogee Enterprises posted sales of $336.53 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The firm is expected to issue its next earnings results on Thursday, June 27th.
According to Zacks, analysts expect that Apogee Enterprises will report full year sales of $1.43 billion for the current year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.50 billion, with estimates ranging from $1.48 billion to $1.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, April 11th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.06). The firm had revenue of $346.26 million during the quarter, compared to analyst estimates of $357.18 million. Apogee Enterprises had a net margin of 3.26% and a return on equity of 16.14%. During the same quarter in the previous year, the firm earned $0.89 earnings per share.
NASDAQ:APOG opened at $39.20 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.32 and a beta of 1.62. Apogee Enterprises has a 1-year low of $26.38 and a 1-year high of $50.87.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be issued a $0.175 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 1.79%. Apogee Enterprises’s dividend payout ratio is currently 23.65%.
In other news, Director Sara L. Hays sold 1,985 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $39.14, for a total value of $77,692.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jerome L. Davis sold 9,276 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $37.63, for a total transaction of $349,055.88. Following the completion of the transaction, the director now owns 17,251 shares in the company, valued at $649,155.13. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Several hedge funds have recently modified their holdings of APOG. PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 105.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock worth $35,000 after buying an additional 481 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Apogee Enterprises by 475.4% during the 1st quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock worth $39,000 after buying an additional 870 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Apogee Enterprises during the 4th quarter worth approximately $45,000. Cutler Group LP acquired a new stake in Apogee Enterprises during the 1st quarter worth approximately $48,000. Finally, First Bank & Trust lifted its holdings in Apogee Enterprises by 73.1% during the 4th quarter. First Bank & Trust now owns 3,565 shares of the industrial products company’s stock worth $106,000 after buying an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
Apogee Enterprises Company Profile
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.
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