Apogee Enterprises (NASDAQ:APOG) Issues FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $4.35-4.75 for the period, compared to the consensus EPS estimate of $4.45. The company issued revenue guidance of decline of 4-7% to $1.34-1.38 billion, compared to the consensus revenue estimate of $1.36 billion. Apogee Enterprises also updated its FY 2025 guidance to 4.350-4.750 EPS.

Apogee Enterprises Trading Down 3.2 %

Shares of APOG stock opened at $57.95 on Friday. Apogee Enterprises has a 12-month low of $36.62 and a 12-month high of $62.99. The company has a market capitalization of $1.28 billion, a P/E ratio of 12.85 and a beta of 1.10. The firm has a 50-day moving average price of $57.19 and a 200 day moving average price of $51.73. The company has a quick ratio of 1.28, a current ratio of 1.47 and a debt-to-equity ratio of 0.13.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. During the same period last year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Apogee Enterprises will post 4.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Apogee Enterprises by 3.8% during the 2nd quarter. BlackRock Inc. now owns 4,077,346 shares of the industrial products company’s stock valued at $193,552,000 after purchasing an additional 149,438 shares during the last quarter. Vanguard Group Inc. increased its position in Apogee Enterprises by 1.8% in 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 in the last quarter. State Street Corp increased its position in Apogee Enterprises by 1.4% in the 1st quarter. State Street Corp now owns 1,137,822 shares of the industrial products company’s stock valued at $49,211,000 after acquiring an additional 15,446 shares in the last quarter. Geode Capital Management LLC increased its position 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 valued at $21,151,000 after acquiring an additional 21,098 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Apogee Enterprises by 0.5% in the 1st 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 acquiring an additional 1,767 shares in the last quarter. 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.