Apogee Enterprises (NASDAQ:APOG) Updates FY 2027 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.700-3.250 for the period, compared to the consensus estimate of 2.820. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Wall Street Analyst Weigh In

APOG has been the subject of several research reports. Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Apogee Enterprises presently has a consensus rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $42.48 on Friday. The company has a 50-day simple moving average of $37.35 and a two-hundred day simple moving average of $37.20. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Apogee Enterprises has a 12-month low of $30.75 and a 12-month high of $49.99. The firm has a market cap of $906.95 million, a price-to-earnings ratio of 16.86, a PEG ratio of 1.22 and a beta of 1.18.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $351.35 million for the quarter, compared to the consensus estimate of $335.98 million. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities analysts forecast that Apogee Enterprises will post 2.88 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 42.86%.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of APOG. Royal Bank of Canada boosted its stake in shares of Apogee Enterprises by 40.3% during the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after purchasing an additional 2,447 shares during the period. AQR Capital Management LLC increased its stake in shares of Apogee Enterprises by 24.0% in the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 11,608 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Apogee Enterprises by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after buying an additional 556 shares during the last quarter. Millennium Management LLC raised its holdings in Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after buying an additional 292,952 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Apogee Enterprises by 120.3% during the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 43,297 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.