DA Davidson Forecasts Lower Earnings for Apogee Enterprises

Apogee Enterprises, Inc. (NASDAQ:APOG) – Investment analysts at DA Davidson lowered their FY2025 EPS estimates for Apogee Enterprises in a research note issued on Wednesday, January 8th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings of $4.96 per share for the year, down from their previous forecast of $5.06. DA Davidson currently has a “Neutral” rating and a $62.00 target price on the stock. The consensus estimate for Apogee Enterprises’ current full-year earnings is $5.06 per share. DA Davidson also issued estimates for Apogee Enterprises’ FY2026 earnings at $4.38 EPS.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year.

Separately, StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock opened at $52.52 on Friday. The stock’s fifty day moving average is $77.45 and its 200 day moving average is $70.72. Apogee Enterprises has a one year low of $51.15 and a one year high of $87.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The stock has a market cap of $1.15 billion, a P/E ratio of 11.06 and a beta of 1.04.

Institutional Investors Weigh In On Apogee Enterprises

Hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after purchasing an additional 122,811 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Apogee Enterprises by 1.4% during the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after purchasing an additional 7,382 shares during the period. American Century Companies Inc. grew its holdings in shares of Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after purchasing an additional 99,495 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after buying an additional 67,295 shares during the period. Finally, FMR LLC boosted its position in Apogee Enterprises by 12.5% in the 3rd quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock valued at $7,330,000 after buying an additional 11,627 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.98%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is 21.05%.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).