Apogee Enterprises (NASDAQ:APOG) Issues FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $4.35-4.75 for the period, compared to the consensus EPS 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 Price Performance

APOG opened at $57.95 on Friday. The company has a 50-day moving average of $57.19 and a 200-day moving average of $51.73. The company has a market capitalization of $1.28 billion, a P/E ratio of 12.85 and a beta of 1.10. Apogee Enterprises has a 1-year low of $36.62 and a 1-year high of $62.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.47.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. The company had revenue of $361.80 million during 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%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. Equities analysts expect that Apogee Enterprises will post 4.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of APOG. Norges Bank acquired a new position in shares of Apogee Enterprises in the 4th quarter valued at about $13,539,000. Envestnet Asset Management Inc. boosted its holdings in shares of Apogee Enterprises by 2,523.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 258,853 shares of the industrial products company’s stock valued at $328,000 after buying an additional 248,986 shares during the period. Millennium Management LLC boosted its holdings in shares of Apogee Enterprises by 175.5% in the 4th quarter. Millennium Management LLC now owns 322,360 shares of the industrial products company’s stock valued at $14,332,000 after buying an additional 205,330 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Apogee Enterprises by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 2,868,027 shares of the industrial products company’s stock valued at $136,117,000 after buying an additional 182,687 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Apogee Enterprises by 3.8% in the 2nd quarter. BlackRock Inc. now owns 4,077,346 shares of the industrial products company’s stock valued at $193,552,000 after buying an additional 149,438 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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.