Apogee Enterprises (NASDAQ:APOG) Issues Quarterly Earnings Results

Apogee Enterprises (NASDAQ:APOG) posted its quarterly earnings results on Thursday. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17, Briefing.com reports. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The company had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Apogee Enterprises updated its FY 2025 guidance to 4.350-4.750 EPS and its FY25 guidance to $4.35-4.75 EPS.

Apogee Enterprises Stock Performance

NASDAQ:APOG traded down $1.89 during mid-day trading on Friday, hitting $57.95. The company’s stock had a trading volume of 225,972 shares, compared to its average volume of 105,769. Apogee Enterprises has a 1 year low of $36.62 and a 1 year high of $62.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.28. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 12.85 and a beta of 1.10. The business’s fifty day moving average is $57.19 and its two-hundred day moving average is $51.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC raised its position in shares of Apogee Enterprises by 8.1% in the second quarter. Lazard Asset Management LLC now owns 2,727 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 204 shares during the period. Gotham Asset Management LLC raised its position in shares of Apogee Enterprises by 2.5% in the fourth quarter. Gotham Asset Management LLC now owns 8,775 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 217 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Apogee Enterprises by 20.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 220 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Apogee Enterprises by 4.3% in the first quarter. Mercer Global Advisors Inc. ADV now owns 8,204 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 336 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in shares of Apogee Enterprises by 35.1% in the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 338 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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.