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

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

APOG stock opened at $57.95 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 12.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.47. Apogee Enterprises has a one year low of $36.62 and a one year high of $62.99. The company’s 50 day moving average price is $57.19 and its two-hundred day moving average price is $51.73.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in APOG. BlackRock Inc. boosted its position in Apogee Enterprises by 3.8% during the second quarter. BlackRock Inc. now owns 4,077,346 shares of the industrial products company’s stock valued at $193,552,000 after buying an additional 149,438 shares during the period. Vanguard Group Inc. boosted its holdings in Apogee Enterprises by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after acquiring an additional 53,484 shares during the period. State Street Corp grew its position in Apogee Enterprises by 1.4% during the 1st quarter. State Street Corp now owns 1,137,822 shares of the industrial products company’s stock worth $49,211,000 after acquiring an additional 15,446 shares during the last quarter. Geode Capital Management LLC increased its stake in Apogee Enterprises by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 445,570 shares of the industrial products company’s stock worth $21,151,000 after purchasing an additional 21,098 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Apogee Enterprises by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company’s stock valued at $17,285,000 after purchasing an additional 1,767 shares during the last quarter. Institutional investors 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.