Apogee Enterprises (NASDAQ:APOG) Posts Earnings Results, Beats Expectations By $0.17 EPS

Apogee Enterprises (NASDAQ:APOG) posted its quarterly earnings data on Thursday. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17, Briefing.com reports. The company had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. Apogee Enterprises had a net margin of 7.44% and a return on equity of 23.47%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. 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 Up 7.0 %

APOG opened at $59.84 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 12.70 and a beta of 1.10. The firm’s 50 day moving average is $57.13 and its 200-day moving average is $51.64. Apogee Enterprises has a 52-week low of $36.62 and a 52-week high of $62.99. The company has a quick ratio of 1.28, a current ratio of 1.57 and a debt-to-equity ratio of 0.22.

Institutional Trading of Apogee Enterprises

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors grew its position in shares of Apogee Enterprises by 79.2% during the first quarter. Captrust Financial Advisors now owns 2,090 shares of the industrial products company’s stock worth $99,000 after buying an additional 924 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of Apogee Enterprises by 4.0% during the first quarter. Engineers Gate Manager LP now owns 17,912 shares of the industrial products company’s stock worth $850,000 after buying an additional 689 shares in the last quarter. Invesco Ltd. grew its position in shares of Apogee Enterprises by 5.4% during the first quarter. Invesco Ltd. now owns 157,623 shares of the industrial products company’s stock worth $7,481,000 after buying an additional 8,078 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Apogee Enterprises by 49.2% during the first quarter. Hsbc Holdings PLC now owns 8,281 shares of the industrial products company’s stock worth $398,000 after buying an additional 2,730 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of Apogee Enterprises during the first quarter worth approximately $47,000. 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.