Apogee Enterprises (APOG) Set to Announce Earnings on Tuesday

Apogee Enterprises (NASDAQ:APOG) will release its earnings data before the market opens on Tuesday, September 19th. Analysts expect Apogee Enterprises to post earnings of $1.01 per share for the quarter. Apogee Enterprises has set its FY24 guidance at $4.15-4.45 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, June 23rd. The industrial products company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.90 by $0.15. Apogee Enterprises had a return on equity of 23.39% and a net margin of 7.26%. The business had revenue of $361.80 million for the quarter, compared to the consensus estimate of $355.60 million. During the same period last year, the business posted $1.00 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. On average, analysts expect Apogee Enterprises to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Apogee Enterprises Stock Performance

Shares of APOG opened at $48.73 on Tuesday. The business’s fifty day simple moving average is $48.82 and its two-hundred day simple moving average is $44.57. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.42. Apogee Enterprises has a 12 month low of $36.62 and a 12 month high of $51.69. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 10.35 and a beta of 1.17.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Wednesday, July 12th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $0.96 annualized dividend and a yield of 1.97%. Apogee Enterprises’s dividend payout ratio is 20.38%.

Wall Street Analysts Forecast Growth

APOG has been the topic of a number of research reports. DA Davidson raised their price target on Apogee Enterprises from $44.00 to $50.00 in a research note on Tuesday, June 27th. StockNews.com started coverage on Apogee Enterprises in a research report on Thursday, August 17th. They issued a “buy” rating on the stock.

Insider Buying and Selling

In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,727 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $46.95, for a total transaction of $174,982.65. Following the sale, the executive vice president now directly owns 34,314 shares of the company’s stock, valued at $1,611,042.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jane Marie Boyce sold 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $47.42, for a total transaction of $687,590.00. Following the transaction, the insider now owns 42,603 shares of the company’s stock, valued at $2,020,234.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Curtis John Dobler sold 3,727 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $46.95, for a total value of $174,982.65. Following the transaction, the executive vice president now directly owns 34,314 shares in the company, valued at approximately $1,611,042.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,727 shares of company stock worth $934,648. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of APOG. Boothbay Fund Management LLC bought a new position in Apogee Enterprises in the first quarter worth approximately $300,000. Squarepoint Ops LLC increased its position in shares of Apogee Enterprises by 8.3% in the 4th quarter. Squarepoint Ops LLC now owns 5,972 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 457 shares during the period. XTX Topco Ltd acquired a new position in shares of Apogee Enterprises in the 1st quarter valued at $239,000. Point72 Middle East FZE grew its position in Apogee Enterprises by 76.9% during the 2nd quarter. Point72 Middle East FZE now owns 4,403 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 1,914 shares during the period. Finally, Lazard Asset Management LLC grew its position in Apogee Enterprises by 8.1% during the 2nd quarter. Lazard Asset Management LLC now owns 2,727 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 204 shares during the period. Institutional investors own 88.82% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.