Apogee Enterprises (NASDAQ:APOG) Releases 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, topping analysts’ consensus estimates of $0.97 by $0.17, Briefing.com reports. The company had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. Apogee Enterprises’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm 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 Trading Down 3.2 %

NASDAQ APOG opened at $57.95 on Friday. The firm has a market cap of $1.28 billion, a P/E 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. The stock’s 50-day moving average is $57.19 and its 200-day moving average is $51.73. Apogee Enterprises has a one year low of $36.62 and a one year high of $62.99.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds have recently modified their holdings of APOG. Norges Bank acquired a new stake in shares of Apogee Enterprises during the fourth quarter worth about $13,539,000. Envestnet Asset Management Inc. raised its position in shares of Apogee Enterprises by 2,523.4% during the first quarter. Envestnet Asset Management Inc. now owns 258,853 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 248,986 shares during the period. Millennium Management LLC raised its position in shares of Apogee Enterprises by 175.5% during the fourth quarter. Millennium Management LLC now owns 322,360 shares of the industrial products company’s stock worth $14,332,000 after purchasing an additional 205,330 shares during the period. Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 6.8% during the first quarter. Vanguard Group Inc. now owns 2,868,027 shares of the industrial products company’s stock worth $136,117,000 after buying an additional 182,687 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Apogee Enterprises by 3.8% during the second quarter. BlackRock Inc. now owns 4,077,346 shares of the industrial products company’s stock worth $193,552,000 after buying an additional 149,438 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.