Architectural Services Company Apogee Smashes Q2 Expectations, Hikes FY25 EPS Outlook Despite Revenue Dip
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Financial Performance: Apogee Enterprises reported second-quarter sales of $342.4 million, exceeding estimates, with adjusted EPS rising 5.9% year-over-year to $1.44. The company also declared a quarterly cash dividend of $0.25 per share and has returned $25.9 million to shareholders year-to-date.
Future Outlook: The company raised its FY25 adjusted EPS outlook to $4.90 – $5.20 and anticipates a net sales decline of 4% to 7%. Additionally, Apogee expects pre-tax charges related to Project Fortify but aims for significant cost savings in the coming years.
Analyst Views on APOG
Wall Street analysts forecast APOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APOG is 45.00 USD with a low forecast of 44.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.640
Low
44.00
Averages
45.00
High
46.00
Current: 39.640
Low
44.00
Averages
45.00
High
46.00
About APOG
Apogee Enterprises, Inc. is a provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used for preservation, energy conservation, and enhanced viewing. Its segments include Architectural Metals, Architectural Services, Architectural Glass and Performance Surfaces. The Architectural Metals segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems used primarily in non-residential construction. Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install architectural curtainwall and other facade-related systems primarily in non-residential construction. The Architectural Glass segment cuts, treats, coats and fabricates high-performance glass used in custom window and wall systems. The Performance Surfaces segment develops and manufactures high-performance coated materials.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
