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Equities analysts predict that Apogee Enterprises, Inc. (NASDAQ:APOG - Get Rating) will post $0.43 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Apogee Enterprises' earnings. Apogee Enterprises posted earnings of $0.42 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Apogee Enterprises will report full-year earnings of $3.05 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $3.55 per share. Zacks Investment Research's earnings per share calculations are an average based on a survey of research firms that follow Apogee Enterprises.
Apogee Enterprises (NASDAQ:APOG - Get Rating) last released its earnings results on Thursday, April 7th. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.74 by $0.17. The firm had revenue of $328.00 million during the quarter, compared to analyst estimates of $322.02 million. Apogee Enterprises had a return on equity of 13.65% and a net margin of 0.27%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share.
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Several equities research analysts have commented on the company. Craig Hallum lowered Apogee Enterprises from a "buy" rating to a "hold" rating and dropped their price target for the stock from $54.00 to $47.00 in a research note on Friday, April 8th. StockNews.com upgraded Apogee Enterprises from a "hold" rating to a "buy" rating in a research note on Friday, April 22nd. Finally, TheStreet lowered Apogee Enterprises from a "b-" rating to a "c+" rating in a research note on Monday, April 11th.
Several hedge funds and other institutional investors have recently modified their holdings of APOG. Stonebridge Capital Advisors LLC purchased a new stake in shares of Apogee Enterprises in the first quarter worth about $47,000. Point72 Hong Kong Ltd purchased a new stake in shares of Apogee Enterprises in the third quarter worth about $49,000. Captrust Financial Advisors boosted its position in shares of Apogee Enterprises by 79.2% in the first quarter. Captrust Financial Advisors now owns 2,090 shares of the industrial products company's stock worth $99,000 after buying an additional 924 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Apogee Enterprises in the first quarter worth about $131,000. Finally, Royal Bank of Canada boosted its position in shares of Apogee Enterprises by 128.6% in the second quarter. Royal Bank of Canada now owns 3,333 shares of the industrial products company's stock worth $136,000 after buying an additional 1,875 shares during the period. 89.52% of the stock is owned by institutional investors.
Apogee Enterprises stock opened at $42.71 on Friday. The firm has a market capitalization of $948.16 million, a P/E ratio of 388.31 and a beta of 1.12. The company has a current ratio of 1.45, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $44.85 and a 200 day moving average price of $45.63. Apogee Enterprises has a 52 week low of $33.88 and a 52 week high of $50.44.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 10th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, May 9th. This represents a $0.88 annualized dividend and a yield of 2.06%. Apogee Enterprises's dividend payout ratio is presently 800.07%.
About Apogee Enterprises (Get Rating)
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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