Analysts predict that Apogee Enterprises, Inc. (NASDAQ:APOG) will post earnings of $0.72 per share for the current quarter, according to Zacks. Two analysts have made estimates for Apogee Enterprises’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.67. Apogee Enterprises reported earnings per share of $0.77 during the same quarter last year, which suggests a negative year over year growth rate of 6.5%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, September 19th.

On average, analysts expect that Apogee Enterprises will report full-year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.07 to $3.15. For the next financial year, analysts expect that the company will post earnings of $4.07 per share, with EPS estimates ranging from $4.04 to $4.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.09). The firm had revenue of $272.30 million for the quarter, compared to the consensus estimate of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share.

Several analysts recently weighed in on the company. ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research note on Monday, June 19th. BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Sidoti assumed coverage on Apogee Enterprises in a research note on Thursday, May 25th. They set a “buy” rating and a $70.00 price target on the stock. Finally, DA Davidson set a $52.00 price target on Apogee Enterprises and gave the company a “buy” rating in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $63.75.

Shares of Apogee Enterprises (NASDAQ:APOG) traded down 0.36% during mid-day trading on Thursday, reaching $44.80. The company’s stock had a trading volume of 168,183 shares. The company has a 50-day moving average of $47.55 and a 200-day moving average of $53.48. The firm has a market cap of $1.29 billion, a PE ratio of 15.34 and a beta of 1.61. Apogee Enterprises has a 12 month low of $39.88 and a 12 month high of $61.00.

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In other news, Director Jerome L. Davis sold 18,706 shares of Apogee Enterprises stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC boosted its stake in shares of Apogee Enterprises by 99.8% during the second 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 in the last quarter. Forward Management LLC acquired a new stake in shares of Apogee Enterprises during the second quarter valued at about $137,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Apogee Enterprises during the first quarter valued at about $146,000. Flinton Capital Management LLC boosted its stake in shares of Apogee Enterprises by 80.0% during the second 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 in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Apogee Enterprises by 76.9% during the second 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 in the last quarter.

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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