Apogee Enterprises (NASDAQ:APOG) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Apogee Enterprises (NASDAQ:APOG) issued its quarterly earnings data on Friday. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.24, Briefing.com reports. The business had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. Apogee Enterprises updated its FY 2025 guidance to 4.900-5.200 EPS and its FY25 guidance to $4.90-5.20 EPS.

Apogee Enterprises Stock Up 22.7 %

Shares of APOG opened at $83.93 on Friday. Apogee Enterprises has a 52-week low of $41.01 and a 52-week high of $86.22. The company has a market capitalization of $1.84 billion, a PE ratio of 17.23 and a beta of 0.98. The stock has a fifty day simple moving average of $65.46 and a two-hundred day simple moving average of $63.10. The company has a quick ratio of 1.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.53%.

Insider Buying and Selling

In related news, insider Brent C. Jewell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total transaction of $321,700.00. Following the completion of the sale, the insider now directly owns 23,405 shares of the company’s stock, valued at approximately $1,505,877.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APOG. DA Davidson increased their target price on Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th.

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).