Apogee Enterprises, Inc. (NASDAQ:APOG) Forecasted to Earn FY2025 Earnings of $4.54 Per Share

Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) - Equities researchers at DA Davidson increased their FY2025 EPS estimates for Apogee Enterprises in a research report issued on Tuesday, April 23rd. DA Davidson analyst B. Thielman now forecasts that the industrial products company will earn $4.54 per share for the year, up from their previous forecast of $4.12. The consensus estimate for Apogee Enterprises' current full-year earnings is $4.59 per share.

Apogee Enterprises Stock Up 1.0 %

Shares of APOG traded up $0.62 during mid-day trading on Wednesday, hitting $62.26. 176,193 shares of the company's stock were exchanged, compared to its average volume of 129,216. The firm has a fifty day moving average of $57.38 and a two-hundred day moving average of $52.01. Apogee Enterprises has a twelve month low of $36.62 and a twelve month high of $62.99. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 13.80 and a beta of 1.10. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The business had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC increased its stake in shares of Apogee Enterprises by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company's stock worth $814,000 after purchasing an additional 211 shares during the last quarter. Barclays PLC grew its stake in Apogee Enterprises by 1.3% in the 3rd quarter. Barclays PLC now owns 30,070 shares of the industrial products company's stock valued at $1,416,000 after buying an additional 374 shares during the last quarter. Panagora Asset Management Inc. grew its stake in Apogee Enterprises by 0.3% in the 4th quarter. Panagora Asset Management Inc. now owns 133,870 shares of the industrial products company's stock valued at $7,150,000 after buying an additional 401 shares during the last quarter. Diversified Trust Co grew its stake in Apogee Enterprises by 7.8% in the 4th quarter. Diversified Trust Co now owns 6,127 shares of the industrial products company's stock valued at $327,000 after buying an additional 445 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Apogee Enterprises by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 17,334 shares of the industrial products company's stock valued at $926,000 after buying an additional 523 shares during the last quarter. Institutional investors and hedge funds 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.