Brokerages Expect Apogee Enterprises Inc (APOG) Will Announce Earnings of $0.81 Per Share

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 brokerages have recently commented on APOG. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $63.33.

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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Earnings History and Estimates for Apogee Enterprises (NASDAQ:APOG)

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