Apogee Enterprises (NASDAQ:APOG) Updates FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.35-4.75 for the period, compared to the consensus earnings per share estimate of $4.45. The company issued revenue guidance of decline of 4-7% to $1.34-1.38 billion, compared to the consensus revenue estimate of $1.36 billion. Apogee Enterprises also updated its FY 2025 guidance to 4.350-4.750 EPS.

Apogee Enterprises Trading Down 0.5 %

Shares of Apogee Enterprises stock opened at $55.92 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 11.87 and a beta of 1.10. The business has a fifty day simple moving average of $57.02 and a 200-day simple moving average of $51.59. Apogee Enterprises has a fifty-two week low of $36.62 and a fifty-two week high of $60.40.

Institutional Trading of Apogee Enterprises

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in shares of Apogee Enterprises by 8.1% during the second quarter. Lazard Asset Management LLC now owns 2,727 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 204 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Apogee Enterprises by 2.5% during the fourth quarter. Gotham Asset Management LLC now owns 8,775 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 217 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Apogee Enterprises by 20.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 220 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Apogee Enterprises by 4.3% during the first quarter. Mercer Global Advisors Inc. ADV now owns 8,204 shares of the industrial products company’s stock valued at $355,000 after purchasing an additional 336 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of Apogee Enterprises by 35.1% during the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 338 shares during 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.