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

Apogee Enterprises (NASDAQ:APOG) announced its quarterly earnings data 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. The company had revenue of $361.80 million for the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. 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 company has a market cap of $1.28 billion, a PE ratio of 12.85 and a beta of 1.10. Apogee Enterprises has a 12 month low of $36.62 and a 12 month high of $62.99. The company has a current ratio of 1.47, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $57.19 and a two-hundred day simple moving average of $51.73.

Institutional Trading of Apogee Enterprises

Several hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC bought a new stake in shares of Apogee Enterprises in the 4th quarter worth about $228,000. Point72 Middle East FZE grew its stake in Apogee Enterprises by 76.9% in the 2nd quarter. Point72 Middle East FZE now owns 4,403 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 1,914 shares in the last quarter. Lazard Asset Management LLC grew its stake in Apogee Enterprises by 43.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,907 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 1,180 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Apogee Enterprises by 32.4% in the 2nd quarter. Royal Bank of Canada now owns 2,595 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 635 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Apogee Enterprises by 92.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,149 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 1,510 shares during the period. 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.