Apogee Enterprises (NASDAQ:APOG) Releases Earnings Results, Beats Expectations By $0.17 EPS

Apogee Enterprises (NASDAQ:APOG) posted its quarterly earnings data on Thursday. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17, Briefing.com reports. The business had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. Apogee Enterprises’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. 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 Down 3.2 %

NASDAQ:APOG opened at $57.95 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.47. The company has a market cap of $1.28 billion, a PE ratio of 12.85 and a beta of 1.10. Apogee Enterprises has a 52-week low of $36.62 and a 52-week high of $62.99. The stock has a 50-day simple moving average of $57.19 and a 200 day simple moving average of $51.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. West Tower Group LLC grew its holdings in shares of Apogee Enterprises by 167.1% during the fourth quarter. West Tower Group LLC now owns 577 shares of the industrial products company’s stock worth $31,000 after buying an additional 361 shares in the last quarter. Point72 Middle East FZE bought a new position in shares of Apogee Enterprises during the fourth quarter worth about $42,000. Stonebridge Capital Advisors LLC bought a new position in shares of Apogee Enterprises during the first quarter worth about $47,000. Point72 Hong Kong Ltd grew its holdings in shares of Apogee Enterprises by 35.1% during the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after buying an additional 338 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in 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 valued at $62,000 after purchasing an additional 220 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

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.