Analysts forecast that Apogee Enterprises, Inc. (NASDAQ:APOG) will report $376.25 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Apogee Enterprises’ earnings. The highest sales estimate is $381.00 million and the lowest is $371.50 million. Apogee Enterprises reported sales of $274.07 million during the same quarter last year, which indicates a positive year over year growth rate of 37.3%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, December 21st.

According to Zacks, analysts expect that Apogee Enterprises will report full-year sales of $376.25 million for the current fiscal year. For the next year, analysts expect that the business will report sales of $1.57 billion per share, with estimates ranging from $1.54 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The company had revenue of $343.91 million during the quarter, compared to analyst estimates of $349.97 million. During the same period in the prior year, the company posted $0.77 earnings per share. Apogee Enterprises’s quarterly revenue was up 23.5% on a year-over-year basis.

A number of research analysts have issued reports on APOG shares. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. DA Davidson set a $52.00 price target on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, ValuEngine cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $63.33.

Hedge funds have recently bought and sold shares of the stock. 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 buying an additional 1,198 shares in the last quarter. Forward Management LLC purchased a new position in shares of Apogee Enterprises in the second quarter worth $137,000. Ladenburg Thalmann Financial Services Inc. grew its position in Apogee Enterprises by 79.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,100 shares during the period. Flinton Capital Management LLC lifted its stake in shares of Apogee Enterprises by 80.0% in the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after buying an additional 1,360 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Apogee Enterprises by 76.9% in the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after buying an additional 1,497 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apogee Enterprises (NASDAQ:APOG) opened at $50.03 on Friday. The firm has a market cap of $1,394.33, a P/E ratio of 16.50, a PEG ratio of 1.44 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 1.86. Apogee Enterprises has a 1 year low of $40.03 and a 1 year high of $61.00.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Tuesday, October 24th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.12%. The ex-dividend date was Monday, October 23rd. Apogee Enterprises’s payout ratio is presently 20.44%.

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About Apogee Enterprises

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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