DA Davidson Has Pessimistic Outlook of APOG FY2025 Earnings

Apogee Enterprises, Inc. (NASDAQ:APOG) – Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Apogee Enterprises in a report issued on Wednesday, January 8th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings per share of $4.96 for the year, down from their previous forecast of $5.06. DA Davidson has a “Neutral” rating and a $62.00 price objective 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 for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 EPS.

Several other research analysts have also recently weighed in on the company. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday.

Apogee Enterprises Stock Down 3.4 %

APOG stock opened at $50.75 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.68 and a beta of 1.04. The business’s fifty day moving average price is $76.95 and its two-hundred day moving average price is $70.73. Apogee Enterprises has a fifty-two week low of $50.67 and a fifty-two week high of $87.93.

Institutional Trading of Apogee Enterprises

Several large investors have recently modified their holdings of APOG. Pacer Advisors Inc. grew its holdings in shares of Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after purchasing an additional 122,811 shares in the last quarter. American Century Companies Inc. boosted its stake in 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 valued at $33,225,000 after buying an additional 99,495 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Apogee Enterprises in the third quarter valued at about $6,845,000. Assenagon Asset Management S.A. boosted its stake in Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after buying an additional 67,295 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Apogee Enterprises by 1,004.1% in the second quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Increases Dividend

The business also recently announced 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 is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is 23.21%.

Apogee Enterprises Company Profile

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).