DA Davidson Issues Pessimistic Forecast for APOG Earnings

Apogee Enterprises, Inc. (NASDAQ:APOG) – Equities researchers at DA Davidson cut their FY2025 earnings estimates for shares of Apogee Enterprises in a research note issued to investors on Wednesday, January 8th. DA Davidson analyst B. Thielman now anticipates that the industrial products company will post earnings per share of $4.96 for the year, down from their prior estimate 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 for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter last year, the firm earned $1.23 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis.

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

Apogee Enterprises Stock Down 8.8 %

APOG stock opened at $52.52 on Friday. The firm has a 50 day moving average of $77.45 and a 200 day moving average of $70.72. The stock has a market capitalization of $1.15 billion, a PE ratio of 11.06 and a beta of 1.04. Apogee Enterprises has a 52 week low of $51.15 and a 52 week high of $87.93. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in shares of Apogee Enterprises during the third quarter worth approximately $33,000. GAMMA Investing LLC lifted its position in Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares in the last quarter. Quarry LP grew its holdings in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Apogee Enterprises during the 3rd quarter worth $58,000. Finally, CWM LLC grew its position in Apogee Enterprises by 19.9% in the third 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. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Increases Dividend

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