Apogee Enterprises (NASDAQ:APOG) Issues FY25 Earnings Guidance

Apogee Enterprises (NASDAQ:APOG) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.35-4.75 for the period, compared to the consensus 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 Stock Down 0.5 %

Shares of NASDAQ:APOG opened at $55.92 on Thursday. Apogee Enterprises has a 52-week low of $36.62 and a 52-week high of $60.40. The stock has a market cap of $1.23 billion, a P/E ratio of 11.87 and a beta of 1.10. The business’s 50 day moving average is $57.02 and its 200 day moving average is $51.59. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. West Tower Group LLC grew its stake in Apogee Enterprises by 167.1% in the fourth quarter. West Tower Group LLC now owns 577 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 361 shares in the last quarter. Point72 Middle East FZE bought a new position in Apogee Enterprises in the fourth quarter worth approximately $42,000. Stonebridge Capital Advisors LLC bought a new position in Apogee Enterprises in the first quarter worth approximately $47,000. Point72 Hong Kong Ltd grew its stake in Apogee Enterprises by 35.1% in the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 338 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Apogee Enterprises by 20.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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.