Apogee Enterprises (NASDAQ:APOG) Posts Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Apogee Enterprises (NASDAQ:APOG) issued its quarterly earnings data on Thursday. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.16 by $0.28, Briefing.com reports. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The firm had revenue of $331.50 million during the quarter, compared to analyst estimates of $333.22 million. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. 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 Price Performance

NASDAQ APOG opened at $62.84 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.18. The stock’s fifty day moving average price is $63.45 and its 200 day moving average price is $58.17. Apogee Enterprises has a 1 year low of $41.01 and a 1 year high of $67.92. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 12.90 and a beta of 1.05.

Apogee Enterprises Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, July 10th. Apogee Enterprises’s payout ratio is 20.53%.

Insider Activity at Apogee Enterprises

In related news, 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 value of $1,515,120.00. Following the transaction, the director now directly owns 260 shares of the company’s stock, valued at approximately $16,413.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apogee Enterprises news, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total transaction of $463,425.00. Following the sale, the insider now directly owns 66 shares of the company’s stock, valued at approximately $4,078.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the sale, the director now directly owns 260 shares in the company, valued at $16,413.80. The disclosure for this sale can be found here. Insiders have sold a total of 77,252 shares of company stock valued at $4,786,214 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson increased their price objective on Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Friday.

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).