Apogee Enterprises (NASDAQ:APOG) Updates FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) updated its FY25 earnings guidance on Thursday. 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.

Analysts Set New Price Targets

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

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $62.84 on Friday. The firm’s 50-day moving average is $63.45 and its 200-day moving average is $58.11. Apogee Enterprises has a 52-week low of $41.01 and a 52-week high of $67.92. 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 company has a market cap of $1.39 billion, a price-to-earnings ratio of 12.90 and a beta of 1.05.

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

Apogee Enterprises Announces Dividend

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

Insider Activity

In other news, Director Herbert K. Parker sold 15,728 shares of Apogee Enterprises stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the sale, the director now directly owns 8,636 shares in the company, valued at approximately $521,182.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,548 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $62.67, for a total value of $222,353.16. Following the transaction, the executive vice president now directly owns 30,369 shares in the company, valued at $1,903,225.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Herbert K. Parker sold 15,728 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares in the company, valued at $521,182.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,252 shares of company stock worth $4,786,214. Corporate insiders own 2.00% of the company’s stock.

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).