Apogee Enterprises (NASDAQ:APOG) Releases FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.65-5.00 for the period, compared to the consensus estimate of $4.52. The company issued revenue guidance of decline 4-7% yr/yr to ~$1.34-1.38 billion, compared to the consensus revenue estimate of $1.34 billion. Apogee Enterprises also updated its FY 2025 guidance to 4.650-5.000 EPS.

Apogee Enterprises Trading Down 1.9 %

APOG opened at $62.84 on Friday. The company’s 50 day moving average is $63.45 and its 200-day moving average is $58.11. Apogee Enterprises has a 1-year low of $41.01 and a 1-year high of $67.92. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.39 billion, a P/E ratio of 12.90 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The company had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same period last year, the company posted $1.05 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts predict that Apogee Enterprises will post 4.83 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.00 annualized dividend and a yield of 1.59%. Apogee Enterprises’s dividend payout ratio is presently 20.53%.

Analysts Set New Price Targets

Separately, DA Davidson lifted their target price on shares of Apogee Enterprises from $60.00 to $65.00 and gave the stock a neutral rating in a research report on Friday.

Insiders Place Their Bets

In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the completion of the transaction, the chief executive officer now owns 110,806 shares in the company, valued at approximately $6,991,858.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Troy R. Johnson sold 12,000 shares of Apogee Enterprises stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total value of $732,720.00. Following the completion of the sale, the insider now owns 33,433 shares in the company, valued at approximately $2,041,418.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the completion of the sale, the chief executive officer now owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,252 shares of company stock worth $4,786,214. 2.00% of the stock is currently owned by insiders.

About Apogee Enterprises

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).