Wall Street brokerages expect Apogee Enterprises Inc (NASDAQ:APOG) to report $359.00 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Apogee Enterprises’ earnings. The lowest sales estimate is $350.25 million and the highest is $364.86 million. Apogee Enterprises posted sales of $362.13 million in the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, September 17th.
On average, analysts expect that Apogee Enterprises will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $1.43 billion to $1.45 billion. For the next year, analysts forecast that the firm will post sales of $1.51 billion, with estimates ranging from $1.48 billion to $1.52 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, June 27th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Apogee Enterprises had a net margin of 3.22% and a return on equity of 16.04%. The firm had revenue of $355.40 million during the quarter, compared to the consensus estimate of $324.39 million. During the same period in the previous year, the firm earned $0.62 earnings per share. Apogee Enterprises’s revenue was up 5.6% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Capital Management LLC lifted its position in shares of Apogee Enterprises by 2.9% during the first quarter. Janney Capital Management LLC now owns 9,091 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 252 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Apogee Enterprises by 105.5% during the first quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 481 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Apogee Enterprises during the second quarter worth $26,000. Aperio Group LLC lifted its position in shares of Apogee Enterprises by 6.7% during the second quarter. Aperio Group LLC now owns 11,466 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 715 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Apogee Enterprises by 475.4% during the first quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 870 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.
Apogee Enterprises stock traded down $1.31 during trading on Tuesday, reaching $35.44. The company had a trading volume of 117,558 shares, compared to its average volume of 150,114. Apogee Enterprises has a 12-month low of $26.38 and a 12-month high of $50.40. The stock’s 50 day moving average price is $39.73 and its two-hundred day moving average price is $38.42. The firm has a market capitalization of $974.57 million, a price-to-earnings ratio of 11.97, a PEG ratio of 1.21 and a beta of 1.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 1.83.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, July 15th. This represents a $0.70 annualized dividend and a yield of 1.98%. Apogee Enterprises’s dividend payout ratio is currently 23.65%.
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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