Apogee Enterprises (NASDAQ:APOG) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Apogee Enterprises (NASDAQ:APOG) announced its quarterly earnings results on Friday. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.24, Briefing.com reports. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. Apogee Enterprises’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 EPS. Apogee Enterprises updated its FY 2025 guidance to 4.900-5.200 EPS and its FY25 guidance to $4.90-5.20 EPS.

Apogee Enterprises Price Performance

APOG opened at $83.93 on Friday. The firm has a 50-day moving average price of $65.46 and a 200-day moving average price of $63.10. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.23 and a beta of 0.98. Apogee Enterprises has a twelve month low of $41.01 and a twelve month high of $86.22. The company has a quick ratio of 1.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. Apogee Enterprises’s payout ratio is 20.53%.

Insider Activity at Apogee Enterprises

In other news, insider Brent C. Jewell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total value of $321,700.00. Following the completion of the sale, the insider now directly owns 23,405 shares in the company, valued at approximately $1,505,877.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APOG. DA Davidson increased their price objective on shares of Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th.

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).