Apogee Enterprises (NASDAQ:APOG) Announces Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Apogee Enterprises (NASDAQ:APOG) announced its earnings results on Thursday. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.28, Briefing.com reports. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The business had revenue of $331.50 million during the quarter, compared to analysts’ expectations of $333.22 million. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. Apogee Enterprises updated its FY 2025 guidance to 4.650-5.000 EPS and its FY25 guidance to $4.65-5.00 EPS.

Apogee Enterprises Trading Down 0.2 %

Shares of NASDAQ:APOG traded down $0.12 during midday trading on Friday, reaching $63.94. The company had a trading volume of 6,760 shares, compared to its average volume of 141,380. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. Apogee Enterprises has a 1-year low of $41.01 and a 1-year high of $67.92. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 14.20 and a beta of 1.05. The company has a fifty day simple moving average of $63.35 and a two-hundred day simple moving average of $58.01.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be given a $0.25 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. Apogee Enterprises’s dividend payout ratio (DPR) is 22.17%.

Insiders Place Their Bets

In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,548 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total transaction of $222,353.16. Following the completion of the sale, the executive vice president now directly owns 30,369 shares in the company, valued at approximately $1,903,225.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Curtis John Dobler sold 3,548 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total value of $222,353.16. Following the completion of the sale, the executive vice president now owns 30,369 shares of the company’s stock, valued at approximately $1,903,225.23. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the sale, the director now directly owns 260 shares of the company’s stock, valued at approximately $16,413.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,252 shares of company stock worth $4,786,214. 2.00% of the stock is currently owned by company 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).