Apogee Enterprises (NASDAQ:APOG) Issues Earnings Results, Beats Estimates By $0.17 EPS

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

APOG opened at $57.95 on Friday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 12.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.28. Apogee Enterprises has a 1-year low of $36.62 and a 1-year high of $62.99. The business has a 50 day moving average price of $57.19 and a two-hundred day moving average price of $51.77.

Institutional Investors Weigh In On Apogee Enterprises

Institutional investors have recently added to or reduced their stakes in the company. West Tower Group LLC lifted its position in Apogee Enterprises by 167.1% in the fourth quarter. West Tower Group LLC now owns 577 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 361 shares during the period. Point72 Middle East FZE acquired a new stake in Apogee Enterprises in the fourth quarter worth approximately $42,000. Stonebridge Capital Advisors LLC acquired a new stake in Apogee Enterprises in the first quarter worth approximately $47,000. Point72 Hong Kong Ltd lifted its position in Apogee Enterprises by 35.1% in the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 338 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Apogee Enterprises by 20.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 220 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.