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 $4.65-5.00 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

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

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $62.84 on Friday. The company’s 50-day moving average is $63.45 and its two-hundred day moving average is $58.17. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 12.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.18. Apogee Enterprises has a 1-year low of $41.01 and a 1-year high of $67.92.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. The firm had revenue of $331.50 million for the quarter, compared to analysts’ expectations of $333.22 million. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. Analysts forecast that Apogee Enterprises will post 4.83 EPS for the current year.

Apogee Enterprises Dividend Announcement

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

Insider Buying and Selling at Apogee Enterprises

In other news, Director Lloyd Emerson Johnson sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total value of $1,515,120.00. Following the sale, the director now directly owns 260 shares of the company’s stock, valued at approximately $16,413.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction dated 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 transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the sale, the director now directly owns 260 shares in the company, valued at approximately $16,413.80. The disclosure for this sale can be found here. Insiders have sold 77,252 shares of company stock valued at $4,786,214 over the last 90 days. 2.00% of the stock is owned by insiders.

About Apogee Enterprises

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).