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

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings results on Thursday. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17, Briefing.com reports. Apogee Enterprises had a net margin of 7.44% and a return on equity of 23.47%. The firm had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. During the same quarter in the prior year, the firm earned $0.86 EPS. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. 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 Up 7.0 %

APOG stock opened at $59.84 on Friday. The company has a fifty day moving average price of $57.13 and a 200 day moving average price of $51.64. Apogee Enterprises has a 12 month low of $36.62 and a 12 month high of $62.99. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.28.

Institutional Trading of Apogee Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of APOG. West Tower Group LLC raised its position in Apogee Enterprises by 167.1% during the 4th quarter. West Tower Group LLC now owns 577 shares of the industrial products company’s stock worth $31,000 after buying an additional 361 shares during the last quarter. Point72 Middle East FZE purchased a new position in Apogee Enterprises during the 4th quarter worth $42,000. Stonebridge Capital Advisors LLC purchased a new position in Apogee Enterprises during the 1st quarter worth $47,000. Point72 Hong Kong Ltd raised its position in Apogee Enterprises by 35.1% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after buying an additional 338 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Apogee Enterprises by 20.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock worth $62,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.