Apogee Enterprises (NASDAQ:APOG) Announces Quarterly Earnings Results

Apogee Enterprises (NASDAQ:APOG) released its earnings results on Thursday. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.28, Briefing.com reports. The company had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. Apogee Enterprises’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Apogee Enterprises updated its FY 2025 guidance to 4.650-5.000 EPS and its FY25 guidance to $4.65-5.00 EPS.

Apogee Enterprises Stock Up 8.1 %

APOG stock opened at $64.06 on Friday. The firm’s fifty day simple moving average is $63.35 and its 200-day simple moving average is $58.01. The company has a market capitalization of $1.42 billion, a P/E ratio of 14.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. Apogee Enterprises has a 12 month low of $41.01 and a 12 month high of $67.92.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, July 10th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 22.17%.

Insider Activity

In related news, Director Lloyd Emerson Johnson sold 24,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total value of $1,515,120.00. Following the completion of the transaction, the director now directly owns 260 shares in the company, valued at approximately $16,413.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apogee Enterprises news, Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the transaction, the director now directly owns 8,636 shares in the company, valued at $521,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the transaction, the director now owns 260 shares of the company’s stock, valued at $16,413.80. The disclosure for this sale can be found here. Insiders have sold 77,252 shares of company stock valued at $4,786,214 in the last ninety days. Insiders own 2.00% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).