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

Apogee Enterprises (NASDAQ:APOG) announced its quarterly earnings data on Thursday. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17, Briefing.com reports. The firm had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. 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 Down 3.2 %

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of APOG. Goldman Sachs Group Inc. raised its holdings in Apogee Enterprises by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 142,872 shares of the industrial products company’s stock valued at $7,631,000 after acquiring an additional 12,117 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Apogee Enterprises by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,344 shares of the industrial products company’s stock worth $1,194,000 after purchasing an additional 1,174 shares during the last quarter. Barclays PLC grew its stake in shares of Apogee Enterprises by 82.0% during the fourth quarter. Barclays PLC now owns 54,722 shares of the industrial products company’s stock worth $2,923,000 after purchasing an additional 24,652 shares in the last quarter. Vanguard Group Inc. increased its holdings in Apogee Enterprises by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after buying an additional 53,484 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Apogee Enterprises by 33.3% in the fourth quarter. Voloridge Investment Management LLC now owns 40,668 shares of the industrial products company’s stock valued at $2,172,000 after buying an additional 10,151 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other 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.