Brokerages predict that Apogee Enterprises, Inc. (NASDAQ:APOG) will post $0.92 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Apogee Enterprises’ earnings. The highest EPS estimate is $0.97 and the lowest is $0.87. Apogee Enterprises reported earnings of $0.78 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The business is expected to report its next earnings results before the market opens on Thursday, December 21st.

According to Zacks, analysts expect that Apogee Enterprises will report full-year earnings of $3.06 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $4.07 per share, with EPS estimates ranging from $4.03 to $4.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Apogee Enterprises.

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

A number of research analysts have recently commented on APOG shares. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, August 28th. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Apogee Enterprises has an average rating of “Hold” and an average target price of $63.33.

Shares of Apogee Enterprises (NASDAQ APOG) opened at $48.30 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1,383.46, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.61. Apogee Enterprises has a one year low of $40.03 and a one year high of $61.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. Delphi Management Inc. MA increased its position in shares of Apogee Enterprises by 12.7% during the third quarter. Delphi Management Inc. MA now owns 28,233 shares of the industrial products company’s stock valued at $1,363,000 after purchasing an additional 3,181 shares during the period. Dana Investment Advisors Inc. increased its position in shares of Apogee Enterprises by 9.7% during the third quarter. Dana Investment Advisors Inc. now owns 43,351 shares of the industrial products company’s stock valued at $2,092,000 after purchasing an additional 3,818 shares during the period. Janney Capital Management LLC increased its position in shares of Apogee Enterprises by 134.7% during the third quarter. Janney Capital Management LLC now owns 8,609 shares of the industrial products company’s stock valued at $415,000 after purchasing an additional 4,941 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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 purchasing an additional 1,100 shares during the period. Finally, Granahan Investment Management Inc. MA increased its position in shares of Apogee Enterprises by 25.2% during the third quarter. Granahan Investment Management Inc. MA now owns 39,145 shares of the industrial products company’s stock valued at $1,889,000 after purchasing an additional 7,878 shares during the period. 99.03% of the stock is currently owned by institutional investors.

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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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