Apogee Enterprises Inc (NASDAQ:APOG) Expected to Announce Earnings of $0.76 Per Share – TechNewsObserver

Brokerages predict that Apogee Enterprises Inc (NASDAQ:APOG) will report earnings of $0.76 per share for the current quarter, according to Zacks. Three analysts have made estimates for Apogee Enterprises earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.70. Apogee Enterprises posted earnings of $0.80 per share during the same quarter last year, which would suggest a negative year over year growth rate of 5%. The firm is expected to announce its next earnings results on Thursday, December 19th.

According to Zacks, analysts expect that Apogee Enterprises will report full-year earnings of $3.04 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.07. For the next fiscal year, analysts expect that the business will report earnings of $3.57 per share, with EPS estimates ranging from $3.45 to $3.66. Zacks Investment Researchs EPS averages are a mean average based on a survey of research analysts that that provide coverage for Apogee Enterprises.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.15. The business had revenue of $357.10 million during the quarter, compared to analyst estimates of $353.62 million. Apogee Enterprises had a return on equity of 15.92% and a net margin of 3.14%. The companys revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS.

Several equities analysts have weighed in on the company. ValuEngine lowered Apogee Enterprises from a sell rating to a strong sell rating in a report on Wednesday. BidaskClub lowered Apogee Enterprises from a hold rating to a sell rating in a report on Thursday, November 14th. Finally, TheStreet lowered Apogee Enterprises from a b- rating to a c+ rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the companys stock. The stock currently has a consensus rating of Hold and an average price target of $43.50.

Shares of APOG traded down $0.02 during trading hours on Friday, hitting $37.16. 53,400 shares of the company were exchanged, compared to its average volume of 89,896. Apogee Enterprises has a one year low of $26.38 and a one year high of $46.70. The firm has a fifty day simple moving average of $37.61 and a 200-day simple moving average of $38.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.05 and a quick ratio of 0.85. The company has a market capitalization of $987.30 million, a PE ratio of 12.55, a PEG ratio of 1.13 and a beta of 1.67.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Monday, October 21st were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.70 annualized dividend and a yield of 1.88%. Apogee Enterprisess dividend payout ratio (DPR) is currently 23.65%.

Several institutional investors have recently bought and sold shares of APOG. Coastal Investment Advisors Inc. bought a new position in shares of Apogee Enterprises in the second quarter worth about $5,524,000. FMR LLC increased its stake in shares of Apogee Enterprises by 492.9% in the first quarter. FMR LLC now owns 147,702 shares of the industrial products companys stock worth $5,537,000 after purchasing an additional 122,790 shares during the period. Morgan Stanley increased its stake in shares of Apogee Enterprises by 739.6% in the second quarter. Morgan Stanley now owns 122,921 shares of the industrial products companys stock worth $5,339,000 after purchasing an additional 108,280 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Apogee Enterprises in the second quarter worth about $4,483,000. Finally, Schroder Investment Management Group increased its stake in shares of Apogee Enterprises by 32.7% in the second quarter. Schroder Investment Management Group now owns 356,874 shares of the industrial products companys stock worth $15,503,000 after purchasing an additional 87,875 shares during the period. Institutional investors and hedge funds own 89.50% of the companys stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through 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, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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Apogee Enterprises Inc (NASDAQ:APOG) Expected to Announce Earnings of $0.76 Per Share - TechNewsObserver