Apogee Enterprises (NASDAQ:APOG) Updates FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) updated its FY25 earnings guidance on Thursday. 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 Up 7.0 %

NASDAQ APOG opened at $59.84 on Friday. The company has a market cap of $1.32 billion, a PE ratio of 12.70 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. Apogee Enterprises has a 12 month low of $36.62 and a 12 month high of $62.99. The stock has a 50 day moving average of $57.13 and a 200-day moving average of $51.64.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The company 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 23.47% and a net margin of 7.44%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, equities research analysts anticipate that Apogee Enterprises will post 4.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Apogee Enterprises

Several large investors have recently made changes to their positions in APOG. West Tower Group LLC boosted its holdings in shares of Apogee Enterprises by 167.1% in the 4th quarter. West Tower Group LLC now owns 577 shares of the industrial products company’s stock valued at $31,000 after buying an additional 361 shares during the last quarter. Point72 Middle East FZE acquired a new stake in Apogee Enterprises during the 4th quarter valued at $42,000. Stonebridge Capital Advisors LLC acquired a new stake in Apogee Enterprises during the 1st quarter valued at $47,000. Point72 Hong Kong Ltd lifted its holdings in Apogee Enterprises by 35.1% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 338 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 20.4% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Apogee Enterprises

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.