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

Apogee Enterprises (NASDAQ:APOG) announced its earnings results on Thursday. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.28, Briefing.com reports. The company had revenue of $331.50 million during the quarter, compared to analyst estimates of $333.22 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 earnings per share. 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

Shares of NASDAQ APOG traded down $0.12 during midday trading on Friday, reaching $63.94. The stock had a trading volume of 6,760 shares, compared to its average volume of 141,380. The stock has a 50-day moving average of $63.35 and a 200-day moving average of $58.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.20 and a beta of 1.05. Apogee Enterprises has a 12-month low of $41.01 and a 12-month high of $67.92.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.17%.

Insider Buying and Selling

In related news, Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares in the company, valued at $521,182.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apogee Enterprises news, Director Herbert K. Parker sold 15,728 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares in the company, valued at $521,182.60. The transaction was disclosed in a document filed 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 on Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the transaction, the director now owns 260 shares of the company’s stock, valued at approximately $16,413.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,252 shares of company stock worth $4,786,214. 2.00% of the stock is owned by insiders.

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).