DA Davidson Has Bearish Estimate for APOG FY2025 Earnings

Apogee Enterprises, Inc. (NASDAQ:APOG) – Equities research analysts at DA Davidson reduced 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 forecasts that the industrial products company will earn $4.96 per share for the year, down from their prior 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 released its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $341.30 million during 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 business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS.

A number of other research analysts also recently commented on the company. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $50.75 on Friday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.68 and a beta of 1.04. Apogee Enterprises has a one year low of $50.67 and a one year high of $87.93. The company’s 50-day simple moving average is $77.45 and its 200-day simple moving average is $70.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in shares of Apogee Enterprises during the third quarter valued at about $33,000. GAMMA Investing LLC increased its stake in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares during the period. Quarry LP raised its position in shares of Apogee Enterprises by 959.4% during the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after buying an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Apogee Enterprises in the 3rd quarter worth approximately $58,000. Finally, CWM LLC lifted its stake in shares of Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 190 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.05%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 21.05%.

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).