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 4.650-5.000 for the period, compared to the consensus earnings per share estimate of 4.520. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Apogee Enterprises also updated its FY25 guidance to $4.65-5.00 EPS.

Apogee Enterprises Trading Down 1.9 %

NASDAQ APOG opened at $62.84 on Friday. The firm has a market capitalization of $1.39 billion, a P/E ratio of 12.90 and a beta of 1.05. The business has a fifty day simple moving average of $63.45 and a 200 day simple moving average of $58.11. Apogee Enterprises has a 12 month low of $41.01 and a 12 month high of $67.92. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. The business had revenue of $331.50 million during the quarter, compared to analyst estimates of $333.22 million. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. Apogee Enterprises’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. On average, analysts predict that Apogee Enterprises will post 4.83 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, July 10th. Apogee Enterprises’s payout ratio is currently 20.53%.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their target price on Apogee Enterprises from $60.00 to $65.00 and gave the company a neutral rating in a research report on Friday.

Insider Activity

In other news, Director Herbert K. Parker sold 15,728 shares of the stock in a transaction on Tuesday, April 23rd. The stock was 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 owns 8,636 shares in the company, valued at approximately $521,182.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total transaction of $463,425.00. Following the completion of the transaction, the insider now owns 66 shares in the company, valued at approximately $4,078.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herbert K. Parker sold 15,728 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The disclosure for this sale can be found here. Insiders sold a total of 77,252 shares of company stock valued at $4,786,214 in the last ninety days. 2.00% of the stock is currently owned by insiders.

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).