Why Apogee Enterprises Stock Cracked Today

• Apogee missed connected Q2 income this morning, and warned of an net miss this year.

• Apogee banal pays a bully dividend and costs little than 10x this year's earnings.

• 10 stocks we similar amended than Apogee Enterprises ›

Apogee Enterprises (NASDAQ: APOG) stock, a shaper of architectural solid and metallic products for buildings, crashed 13.7% done 11:15 a.m. ET aft missing connected income successful its Q3 2026 net study Wednesday.

Heading into the report, analysts forecast Apogee to gain $1.01 per share, adjusted for one-time items, connected income of $355.3 million. Apogee really earned $1.02 per share, adjusted, but its income were lone $348.6 million.

Earnings arsenic calculated according to mostly accepted accounting principles (GAAP) were lone $0.77 per share, 20% beneath year-ago earnings. This was contempt income increasing 2% twelvemonth implicit year, but with weakening nett margins.

CEO Donald Nolan said "higher aluminum, restructuring and wellness security costs" each weighed connected results. He insisted Apogee's "strong operational instauration and equilibrium expanse presumption america to navigate near-term challenges."

The institution enjoyed gross maturation successful architectural services and solid sales, portion its architectural metals conception suffered a 10% diminution successful sales. Only show surfaces (coated solid and acrylics) enjoyed beardown income growth, up 60% to $53 million.

That azygous segment's beardown show mightiness not prevention Apogee this year. Turning to guidance, absorption predicts fiscal 2026 net volition beryllium betwixt $3.40 and $3.50 per share, aft subtracting $0.30 successful nett owed to tariffs. This would beryllium acold beneath the $3.67 per stock Wall Street has been forecasting.

Still, Apogee income for the twelvemonth should travel adjacent to gathering the Street's $1.4 cardinal forecast. And adjacent $3.40 successful net would beryllium capable to springiness Apogee a price-to-earnings ratio of little than 10. With a 2.8% dividend output and a 10% semipermanent net maturation rate, Apogee doesn't look overly costly to me.

Investors whitethorn beryllium giving up connected Apogee excessively soon.

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