MINNEAPOLIS--(BUSINESS WIRE)--Apogee Enterprises, Inc. (Nasdaq: APOG) announced today that its Board of Directors has declared a quarterly cash dividend of $0.26 per share, a 4% increase from its previous quarterly dividend rate of $0.25 per share. The dividend will be payable on February 12, 2025, to shareholders of record at the close of business on January 28, 2025. This marks Apogee's twelfth consecutive year with a dividend increase, during which time the quarterly dividend has grown by 18.
DA Davidson analyst Brent Thielman lowered the firm's price target on Apogee Enterprises to $62 from $75 and keeps a Neutral rating on the shares. The firm notes that demand headwinds for the company are persisting, and while it currently does not anticipate earnings will contract into FY26, this may weigh against near-term valuation, the analyst tells investors in a research note. Apogee's ability to navigate market headwinds thus far is notable, but with limited signs of improving demand conditions and expectations of a more competitive environment, DA Davidson anticipates a potential a ceiling on near-term margin expectations for the company, the firm added.
APOG anticipates a 5% decline in fiscal 2025 net sales, driven by lower Q4 volumes, partially offset by a $30-million boost from the UW Solutions acquisition.
Glassmaker Apogee Enterprises (APOG -16.08%) stock is getting hit hard in Tuesday-morning trading, down 16.5% through 11:11 a.m. ET despite reporting better-than-expected sales and earnings this morning.
MINNEAPOLIS--(BUSINESS WIRE)--APOGEE ENTERPRISES REPORTS FISCAL 2025 THIRD QUARTER RESULTS.
APOG's Q3 results are likely to reflect gains from continued strong performance in the Architectural Services segment, partially offset by cost inflation.
Amid weak demand in the Glass Products industry, APOG is navigating well and merits investor attention. However, OI is struggling, making it a stock to avoid.
MINNEAPOLIS--(BUSINESS WIRE)--Apogee Enterprises, Inc. (Nasdaq: APOG) will report its fiscal 2025 third quarter results on Tuesday, January 7, 2025, before the market opens. The Company will also host a conference call to discuss its financial results. This conference call will be webcast beginning at 8:00 a.m. Central Time, on January 7, 2025. Access to the webcast will be available through the Investors section of the Company's website at Click Here For tho.
Here is how Apogee Enterprises (APOG) and Atmus Filtration Technologies (ATMU) have performed compared to their sector so far this year.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Here is how Apogee Enterprises (APOG) and Atmus Filtration Technologies (ATMU) have performed compared to their sector so far this year.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.