Wall Street analysts forecast that Apogee Enterprises Inc (NASDAQ:APOG) will post earnings of $0.81 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Apogee Enterprises’ earnings. The lowest EPS estimate is $0.60 and the highest is $1.02. Apogee Enterprises posted earnings of $0.80 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The business is expected to issue its next quarterly earnings report on Thursday, April 12th.
According to Zacks, analysts expect that Apogee Enterprises will report full-year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.58 to $3.06. For the next financial year, analysts expect that the business will report earnings of $3.89 per share, with EPS estimates ranging from $3.75 to $4.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, December 21st. The industrial products company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.14). The company had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $373.35 million. Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share.
Several large investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Apogee Enterprises by 79.4% in the 3rd 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. Riverhead Capital Management LLC lifted 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 worth $136,000 after buying an additional 1,198 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Apogee Enterprises by 80.0% during the 2nd 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 during the last quarter. SG Americas Securities LLC bought a new stake in shares of Apogee Enterprises during the 3rd quarter worth $190,000. Finally, Advisor Group Inc. increased its holdings in Apogee Enterprises by 76.9% in the 2nd quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 1,497 shares in the last quarter. 99.02% of the stock is currently owned by institutional investors.
Shares of Apogee Enterprises (APOG) traded down $0.18 during midday trading on Wednesday, reaching $45.55. 414,500 shares of the company traded hands, compared to its average volume of 373,700. Apogee Enterprises has a one year low of $40.03 and a one year high of $61.00. The stock has a market cap of $1,309.83, a PE ratio of 16.38, a PEG ratio of 1.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.34 and a current ratio of 1.79.
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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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