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 (EPS) guidance of $4.65-5.00 for the period, compared to the consensus estimate of $4.52. The company issued revenue guidance of decline 4-7% yr/yr to ~$1.34-1.38 billion, compared to the consensus revenue estimate of $1.34 billion. Apogee Enterprises also updated its FY 2025 guidance to 4.650-5.000 EPS.

Apogee Enterprises Trading Down 1.9 %

Shares of Apogee Enterprises stock opened at $62.84 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.18 and a current ratio of 1.64. The stock has a market capitalization of $1.39 billion, a P/E ratio of 12.90 and a beta of 1.05. Apogee Enterprises has a 52-week low of $41.01 and a 52-week high of $67.92. The stock’s 50-day simple moving average is $63.45 and its 200 day simple moving average is $58.17.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The company had revenue of $331.50 million during the quarter, compared to analysts’ expectations of $333.22 million. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Apogee Enterprises will post 4.83 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, July 10th. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

Analysts Set New Price Targets

Separately, DA Davidson boosted their target price on Apogee Enterprises from $60.00 to $65.00 and gave the stock a neutral rating in a research report on Friday.

Insiders Place Their Bets

In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the sale, the chief executive officer now owns 110,806 shares in the company, valued at $6,991,858.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total value of $673,844.90. Following the transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at $6,991,858.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Herbert K. Parker sold 15,728 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total transaction of $949,184.80. Following the sale, the director now owns 8,636 shares of the company’s stock, valued at $521,182.60. The disclosure for this sale can be found here. Insiders sold 77,252 shares of company stock valued at $4,786,214 over the last three months. Insiders own 2.00% of the company’s stock.

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).