Apogee Enterprises (NASDAQ:APOG) Updates FY 2025 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.350-4.750 for the period, compared to the consensus earnings per share estimate of 4.440. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Apogee Enterprises also updated its FY25 guidance to $4.35-4.75 EPS.

Apogee Enterprises Trading Up 7.0 %

NASDAQ APOG opened at $59.84 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. Apogee Enterprises has a twelve month low of $36.62 and a twelve month high of $62.99. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.70 and a beta of 1.10. The stock’s 50 day moving average is $57.13 and its 200 day moving average is $51.64.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. The business had revenue of $361.80 million for the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a return on equity of 23.47% and a net margin of 7.44%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. Research analysts forecast that Apogee Enterprises will post 4.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its position in Apogee Enterprises by 79.2% during the first quarter. Captrust Financial Advisors now owns 2,090 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 924 shares during the last quarter. Engineers Gate Manager LP increased its position in Apogee Enterprises by 4.0% in the first quarter. Engineers Gate Manager LP now owns 17,912 shares of the industrial products company’s stock worth $850,000 after buying an additional 689 shares in the last quarter. Invesco Ltd. increased its position in Apogee Enterprises by 5.4% in the first quarter. Invesco Ltd. now owns 157,623 shares of the industrial products company’s stock worth $7,481,000 after buying an additional 8,078 shares in the last quarter. Hsbc Holdings PLC increased its position in Apogee Enterprises by 49.2% in the first quarter. Hsbc Holdings PLC now owns 8,281 shares of the industrial products company’s stock worth $398,000 after buying an additional 2,730 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new stake in Apogee Enterprises in the first quarter worth about $47,000. 94.05% of the stock is 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.