Ultime notizie per Apogee Enterprises (NASDAQ:APOG) Azioni

Apogee Enterprises

Apogee Enterprises Inc provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. Its segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and others. Geographically, it derives a majority of its revenue from the United States.

Apogee Enterprises Inc

APOGEE 21 HLDGS INC by APOGEE 21 HLDGS INC.

Apogee 21 Holdings Inc

Apogee Therapeutics Inc

<ul>
<li>Acquires a leading provider of high-performance coated substrates for diverse applications</li>
<li>Aligns with growth strategy by adding a differentiated business with leading positions in attractive end-markets</li>
<li>Creates a scalable growth platform in specialty coatings and materials</li>
<li>Operational and cost synergy opportunities of $5 million expected by the end of fiscal 2027</li>
<li>Expected to contribute over $100 million of revenue at accretive adjusted EBITDA margins</li>
</ul>

News

APOG

Apogee Enterprises To Acquire UW Solutions For $240M

Apogee Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apog#NASDAQ">APOG</a>) reported earnings per share of $1.44 in first-quarter fiscal 2025 (ended Jun 1, 2024), surpassing the Zacks Consensus Estimate of $1.16. The bottom line increased 37.1% year over year.
Apogee generated revenues of $331.5 million in the quarter under review, down 8.3% year over year due to lower volume.
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<h3>Apogee Enterprises, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Apogee Enterprises, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/51/1719583189.png" style="height:285px; width:620px" title="" /></h3>
Apogee Enterprises, Inc. price-consensus-eps-surprise-chart | Apogee Enterprises, Inc. Quote
</div>
<h3>Operational Update</h3>
Cost of sales in the fiscal first quarter fell 13.4% year over year to $233 million. Gross profit increased 6.3% year over year to $99 million. The gross margin expanded to 29.8% in the quarter from the prior-year quarter&#39;s 25.7%. 
Selling, general and administrative expenses decreased 2.9% year over year to $57 million. The operating income rose 22.5% year over year to $41 million.
<h3>Segment Performances</h3>
In the fiscal first quarter, revenues in the Architectural Framing Systems segment fell 18.9% year over year to $133 million due to lower end-market demand. The segment&#39;s operating profit was $18.4 million compared with the year-ago quarter&#39;s $19.9 million. The impacts of lower volumes were partially offset by favorable material costs, favorable mix and productivity gains. 
Revenues in the Architectural Glass segment decreased 10.8% year over year to $87 million due to lower end-market demand. This was partially offset by improved pricing. The segment reported an operating income of $17 million, up 3.5% year over year. 
Revenues in the Architectural Services segment improved 10.7% year over year to $99 million, owing to higher volumes and a favorable mix of projects. The segment reported an operating profit of $5.6 million against an operating loss of $0.6 million in the year-ago quarter. 
Revenues in the Large-Scale Optical Technologies segment were down 5.8% year over year to $21 million, driven by lower volume. The segment reported an operating profit of $4.8 million in the fiscal first quarter compared with the prior-year quarter&#39;s $5.5 million.
<h3>Backlog</h3>
The Architectural Services segment&#39;s backlog came in at $867 million at the end of the fiscal first quarter compared with $808 million at the end of the prior quarter.
<h3>Financial Position</h3>
Apogee had cash and cash equivalents of $30 million at the end of first-quarter fiscal 2025 compared with $37 million at the end of fiscal 2024. Cash provided by operating activities was $5.5 million in the fiscal first quarter compared with the prior-year quarter&#39;s $21.3 million. 
The long-term debt was $77 million at the end of the fiscal first quarter compared with $62 million at the fiscal 2024-end.&nbsp;&nbsp;&nbsp;
<h3>FY25 Guidance</h3>
Apogee expects fiscal 2025 adjusted EPS between $4.65 and $5.00, up from the previously disclosed $4.35-$4.75. The company anticipates revenues to decline 4-7% from the fiscal 2024 reported figure. Management projects capital expenditure between $40 million and $50 million for fiscal 2025, and a long-term average tax rate of 24.5%.
<h3>Price Performance</h3>
Shares of Apogee have gained 37.1% in the past year against the industry&#39;s fall of 38.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/97/69864.jpg?v=856385066" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Apogee currently carries a Zacks Rank #3 (Hold).
<h3>Glass Product Stock Awaiting Results</h3>
O-I Glass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oi#NYSE">OI</a>) is expected to release its second-quarter 2024 results soon. The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at 41 cents for the second quarter, suggesting a decline of 53.4% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $1.8 billion, indicating a year-over-year decrease of 7.2%.
<h3>Industrial Product Stocks Awaiting Results</h3>
Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) is expected to release its second-quarter 2024 results soon.
The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at $2.52 for the second quarter, suggesting an improvement of 7.23% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $1.2 billion, indicating a year-over-year increase of 2.4%. 
Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>) is expected to release its second-quarter 2024 results soon. The Zacks Consensus Estimate for Cintas&#39; 2024 earnings is pegged at $3.80 per share, indicating year-over-year growth of 14.1%. The Zacks Consensus Estimate for total revenues is pinned at $2.5 billion, implying a year-over-year rise of 7.9%.
<a href="https://www.zacks.com/stock/news/2295201/apogee-apog-tops-q1-earnings-estimates-hikes-fy25-view?cid=CS-BENZ-FT-analyst_blog|earnings_article-2295201">To read this article on Zacks.com click here.</a>

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CTAS

Apogee Tops Q1 Earnings Estimates, Hikes FY25 View

DA Davidson analyst Brent Thielman maintains Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) with a Neutral and raises the price target from $60 to $65.

Price Target

DA Davidson Maintains Neutral on Apogee Enterprises, Raises Price Target to $65

WIIM

Apogee Enterprises shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and raised its FY25 adjusted EPS guidance above estimates.

Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) reported first-quarter FY25 sales of $331.5 million, missing the consensus <a href="https://www.benzinga.com/pressreleases/24/06/b39520085/apogee-enterprises-reports-fiscal-2025-first-quarter-results" target="_blank" rel="noreferrer noopener">estimate of $333.2 million</a>.
Revenue fell 8.3% Y/Y, driven by lower volume. Gross margin improved by 410 basis points Y/Y to 29.8%, primarily driven by a more favorable mix of projects in Architectural Services, favorable material costs, lower insurance-related costs, and productivity gains.
Adjusted operating income rose 25.9% to $42.5 million, with the operating margin improving 350 basis points Y/Y to 12.8%, led by favorable project mix, lower material and insurance costs, productivity gains, and reduced bad debt expense.
Adjusted EBITDA for the quarter increased 20.2% Y/Y to $52.6 million with an adjusted EBITDA margin of 15.9%. Adjusted EPS rose 37.1% Y/Y to $1.44, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.04</a>.
During the quarter, the company repurchased $15.1 million of stock. Apogee held $30.4 million in cash and equivalents as of June 1.
Outlook: Apogee raised the FY25 adjusted EPS outlook to $4.65-$5.00 from $4.35-$4.75 against the<a href="https://www.benzinga.com/news/earnings/24/04/38312841/apogee-enterprises-forecasts-topline-decline-in-fy25-amid-strategic-actions-details" target="_blank" rel="noreferrer noopener"> consensus estimate of $4.52</a>. Apogee reiterated a FY25 <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">net sales decline of 4% to 7%</a>. 
The company now expects a total of $15 million to $16 million of pre-tax charges in connection with Project Fortify, leading to annualized cost savings of $12 million to $14 million. It continues to expect to achieve 60% of these savings in FY25 and the rest in FY26. Apogee anticipates capital expenditures of $40 million-$50 million in FY25.
Ty R. Silberhorn, Chief Executive Officer, said, &#8220;As we look ahead, we continue to expect pressure on volume and pricing through the remainder of the fiscal year, due to softening end markets. We are focused on continuing to deliver results in this environment, while investing to position the Company for long-term growth.&#8221;
Investors can gain exposure to the stock via Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAFG#NASDAQ">CAFG</a>).
Price Action: APOG shares are up 9% at $64.58 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Guidance

Buybacks

Movers

CAFG

Why Architectural Services Company Apogee Shares Are Trading Higher Today

The two-day rally the broader market witnessed could stall, as traders choose to remain cautious ahead of <a href="https://www.benzinga.com/economics/macro-economic-events/24/06/39513292/feds-preferred-inflation-gauge-set-to-drop-to-38-month-low-this-could-provide-the">a string of economic catalysts. </a>The negative reaction to Micron Technology, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings could generate weakness in the tech space. AI stalwart Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) two-day rally is cooling off following its annual shareholder meeting. Bond yields have ticked up, with the 10-year-old Treasury yield holding above the 4.3% mark.
Traders may bide their time amid the fluid situation in a bid to see off late Thursday&#8217;s presidential debate and Federal Reserve&#8217;s preferred inflation gauge due on Friday.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.11%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.12%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.05% at $545.25 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.08% to $479.98, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. Cues From Last Session:</figcaption></figure>
Stocks closed higher on Wednesday although sentiment remained lackluster throughout the session amid caution. The major averages opened lower and the tech strength kept the Nasdaq Composite Index mostly above the unchanged line but the S&amp;P 500 Index and the Dow Jones Industrial Average traded mostly below the flat line before recovering by the close of the session.
Most S&amp;P 500 sector stocks ended weaker, while consumer discretionary stocks found strong buying interest. IT and communications stocks rose modestly.
On the Main Street front, new home sales came in weaker than expected, although one could take comfort from the fact that previous months&#8217; readings were upwardly revised. House prices remained weak.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.49%</td>
<td>17,805.16</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.16%</td>
<td>5,477.90</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.04%</td>
<td>39,127.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.21%</td>
<td>2,018.12</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Morgan Stanley&#8217;s Chief U.S. Equity Strategist Matt Wilson advised against the temptation to play for a true broadening out until the macro environment makes a meaningful shift. &#8220;The ongoing policy mix of heavy fiscal spending and tight interest rate policy is crowding out many companies and consumers in a way that is unsustainable in our view,&#8221; he said.
Investors are therefore bidding up the few stocks of the companies that are doing well in this environment, Wilson said. &#8220;Until the bond market pushes back via higher term premium or growth slows down in a more meaningful way, we expect this narrow market performance to persist,&#8221; he added.
The strategist said he continues to recommend a &#8220;barbell of large-cap quality growth with defensives while fading cyclicals.&#8221;
On the other hand, Fund Strat&#8217;s Tom Lee expects the momentum to continue for multiple years. The S&amp;P 500 Index can compound at more than 15% annually over the next seven years and hit 15,000 by 2030, <a href="https://www.benzinga.com/markets/equities/24/06/39519696/fundstrats-tom-lee-predicts-s-p-500-will-hit-15-000-by-2030-driven-by-gen-z-and-ai-wave">he said in an interview </a>with CNBC. His optimism is predicated on favorable demographics, ie millennials and Gen X driving growth in prime-age works, and AI driving a surge in demand for U.S. technology.
Upcoming Economic Data:
<ul>
<li>The Bureau of Economic Analysis is scheduled to release its final first-quarter GDP estimate at 8:30 a.m. EDT. Economists, on average, expect quarter-over-quarter GDP growth to be revised up from 1.3% to 1.4%. Traders may also keep an eye on the inflation components of the report.</li>
<li>The Census Bureau will release the durable goods orders report for May at 8:30 a.m. EDT. The consensus estimate calls for a 1% month-over-month drop in durable goods orders, reversing all of the 0.6% growth in April. Core durable goods orders that strip off transportation orders may have increased by 0.2%, half as much as the growth seen in the previous month.</li>
<li>The National Association of Realtors&#8217; pending home sales index, due at 10 a.m. EDT, is expected to show a 0.4% month-over-month drop for May versus April&#8217;s 7.7% fall. </li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and seven-year notes at 1 p.m. EDT.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Micron fell nearly 4.75% <a href="https://www.benzinga.com/markets/equities/24/06/39520174/micron-technology-stock-drops-over-5-in-pre-market-despite-beating-q3-revenue-estimates-heres-wh">in premarket trading </a>in reaction to the memory chipmaker&#8217;s results.</li>
<li>H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) rose nearly 3%, Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) climbed over 3% and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) plunged over 15%, also on earnings.</li>
<li>Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>), McCormick &amp; Company, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) and NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">release their quarterly results.</a></li>
<li>International Paper Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) fell nearly 15% on a <a href="https://www.benzinga.com/markets/equities/24/06/39519611/international-paper-shares-dip-15-in-pre-market-after-suzano-drops-acquisition-pursuit">scuttled buyout deal.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and futures firmed up, and the benchmark 10-year U.S. Treasury note rose 1.1 basis points to 4.327%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to flatline around the $61K mark.
Micron&#8217;s earnings and caution ahead of key U.S. data dragged the Asian stocks lower, as the major averages in the region, with the exception of those in India, Indonesia and Singapore, closed lower. The yen plunged to a 38-year low against the dollar amid worries concerning domestic growth. European stocks also showed tentativeness in early trading. 
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39513681/fed-stress-test-2024-large-banks-face-greater-losses-but-maintain-strong-capital-positions-in-se">Fed Stress Test 2024: Large Banks Face Greater Losses But Maintain Strong Capital Positions In Severe Recession Scenario</a>
Image Via Shutterstock

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Pre-Market Outlook

$BTC

LEVI

NVDA

Wall Street Set For Weak Opening As Tech Rally Falters With Micron, Nvidia Edging Lower: Analyst Says Narrow Market Performance To Persists Unless One Of These Materializes

Apogee Enterprises Raised FY25 Adj. EPS-$4.65 to $5.004 From $4.35-$4.75 Vs. Cons. $4.52

Apogee Enterprises Reaffirmed FY25 Outlook For Net Sales To Decline 4% to 7%

Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) reported quarterly earnings of $1.44 per share which beat the analyst consensus estimate of $1.04 by 38.46 percent. The company reported quarterly sales of $331.516 million which missed the analyst consensus estimate of $333.218 million by 0.51 percent. This is a 8.35 percent decrease over sales of $361.713 million the same period last year.

Earnings Beats

Earnings Misses

Apogee Enterprises Q1 2025 Adj EPS $1.44 Beats $1.04 Estimate, Sales $331.516M Miss $333.218M Estimate

Apogee Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apog#NASDAQ">APOG</a>) shares have shot up 77.4% in the past year against the industry&#39;s decline of 34.6%. Moreover, the S&amp;P 500 has risen 8.2% over the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/06/67576.jpg?v=883956240" /> 
Image Source -&nbsp;Zacks Investment Research
Let us take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
<h3>What&#39;s Going in Apogee&#39;s Favor?</h3>
Solid Segment Performances: APOG&#39;s Architectural Glass segment witnessed solid year-over-year growth and margin expansion in the fourth quarter of fiscal 2024 despite significant supply-chain and inflation headwinds. 
The segment is gaining on improved pricing and product mix, reflecting the company&#39;s strategic shift toward more premium products. The segment is also benefiting from an improved sales mix and productivity gains from its Lean program and higher pricing that helped offset inflation. 
The company&#39;s Architectural Services segment is also gaining from a favorable mix of projects. 
The Architectural Services segment&#39;s backlog was $808 million at the end of the fiscal fourth quarter compared with $777 million in the prior quarter&#39;s end. The backlog in the Architectural Framing segment amounted to $201 million, up from $184 million at the end of third-quarter fiscal 2024. This bodes well for the company. 
Impressive Strategic Actions: Following a detailed strategic review of its business, the company has embarked on a plan to deliver profitable growth and improved returns. The strategy is centered on three pillars, including becoming the economic leader in its target markets, actively managing the portfolio to drive higher margins and Return on Invested Capital, and strengthening its core capabilities to enable profitable growth. 
In 2022, it announced three-year financial goals, which include ROIC greater than 12%, an operating margin greater than 10% and revenue growth greater than 1.2 times growth of the non-residential construction market. 
Backed by these initiatives, in fiscal 2024, ROIC hit 16.5%, surpassing the company&#39;s goal. The operating margin rose to 10.3%, which also exceeded the target of more than 10%. 
Strong Balance Sheet: The company&#39;s solid liquidity position, coupled with a strong free cash flow, places it well to drive growth. It returned $33 million of cash to shareholders through share repurchases and dividend payments in fiscal 2024. 
Apogee had cash and cash equivalents of $37.2 million at the end of fiscal 2024 compared with $19.9 million at the end of fiscal 2023. Cash generated from operating activities was $204 million in fiscal 2024 compared with the prior year&#39;s $103 million. The long-term debt was $62 million at the end of fiscal 2024 compared with $170 million at the end of fiscal 2023.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>), Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and ACCO carry a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 13.7% in the past year. 
Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company&#39;s shares have gained 60.1% in the past year. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. ACCO shares have gained 1.5% in the past year.
<a href="https://www.zacks.com/stock/news/2280218/shares-of-apogee-apog-rally-77-in-a-year-here-s-why?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2280218">To read this article on Zacks.com click here.</a>

Penny Stocks

ACCO

Shares of Apogee Rally 77% in a Year: Here's Why

A substantial insider sell was reported on April 25, by Herbert K Parker, Board Member at Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>), based on the recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000006845/000000684524000079//Archives/edgar/data/6845/000000684524000079/0000006845-24-000079-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Parker sold 15,728 shares of Apogee Enterprises. The total transaction value is $949,184.
At Friday morning, Apogee Enterprises shares are down by 0.0%, trading at $61.32.
<h3>All You Need to Know About Apogee Enterprises</h3>
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
<h3>Unraveling the Financial Story of Apogee Enterprises</h3>
Decline in Revenue: Over the 3 months period, Apogee Enterprises faced challenges, resulting in a decline of approximately -7.65% in revenue growth as of 30 November, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 26.58%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Apogee Enterprises's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.24.
</li>
</ul>
Debt Management: Apogee Enterprises's debt-to-equity ratio is below the industry average at 0.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 13.05 is lower than the industry average, implying a discounted valuation for Apogee Enterprises's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.97 is lower than the industry average, implying a discounted valuation for Apogee Enterprises's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 8.02 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000006845">Check Out The Full List Of Apogee Enterprises's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Apogee Enterprises Board Member Trades $949K In Company Stock

On April 23, Jane M. Boyce, President at Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000006845/000000684524000056//Archives/edgar/data/6845/000000684524000056/0000006845-24-000056-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, Boyce increased their investment in Apogee Enterprises by purchasing 6,742 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $390,698.
At Wednesday morning, Apogee Enterprises shares are down by 0.66%, trading at $61.23.
<h3>Delving into Apogee Enterprises's Background</h3>
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
<h3>Financial Milestones: Apogee Enterprises's Journey</h3>
Revenue Growth: Apogee Enterprises's revenue growth over a period of 3 months has faced challenges. As of 30 November, 2023, the company experienced a revenue decline of approximately -7.65%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.58%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Apogee Enterprises's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.24.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.31.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 13.09 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.97, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 8.05 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000006845">Check Out The Full List Of Apogee Enterprises's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Apogee Enterprises Recent Insider Activity

It was revealed in a recent SEC filing that Brent C Jewell, President at Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) made a noteworthy insider purchase on April 23,.
What Happened: Jewell's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000006845/000000684524000062//Archives/edgar/data/6845/000000684524000062/0000006845-24-000062-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, involves purchasing 7,260 shares of Apogee Enterprises. The total transaction value is $420,717.
Apogee Enterprises shares are trading up 1.07% at $62.3 at the time of this writing on Wednesday morning.
<h3>Get to Know Apogee Enterprises Better</h3>
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
<h3>Understanding the Numbers: Apogee Enterprises's Finances</h3>
Revenue Growth: Apogee Enterprises's revenue growth over a period of 3 months has faced challenges. As of 30 November, 2023, the company experienced a revenue decline of approximately -7.65%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 26.58%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Apogee Enterprises's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.24.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.31, Apogee Enterprises adopts a prudent financial strategy, indicating a balanced approach to debt management.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 13.09, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.97 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 8.05, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000006845">Check Out The Full List Of Apogee Enterprises's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Noteworthy Insider Activity: Brent C Jewell Invests $420K In Apogee Enterprises Stock

A notable insider purchase on April 23, was reported by Nicholas C. Longman, President at Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>), based on the most recent SEC filing.
What Happened: Longman's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000006845/000000684524000066//Archives/edgar/data/6845/000000684524000066/0000006845-24-000066-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, involves purchasing 4,744 shares of Apogee Enterprises. The total transaction value is $274,914.
Tracking the Wednesday's morning session, Apogee Enterprises shares are trading at $62.3, showing a up of 1.07%.
<h3>Unveiling the Story Behind Apogee Enterprises</h3>
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
<h3>Breaking Down Apogee Enterprises's Financial Performance</h3>
Decline in Revenue: Over the 3 months period, Apogee Enterprises faced challenges, resulting in a decline of approximately -7.65% in revenue growth as of 30 November, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.58%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Apogee Enterprises's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.24.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.31, Apogee Enterprises adopts a prudent financial strategy, indicating a balanced approach to debt management.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 13.09 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.97 is lower than the industry average, implying a discounted valuation for Apogee Enterprises's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Apogee Enterprises's EV/EBITDA ratio, lower than industry averages at 8.05, indicates attractively priced shares.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000006845">Check Out The Full List Of Apogee Enterprises's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President At Apogee Enterprises Buys $274K of Stock

U.S. stocks were lower, with the Nasdaq Composite falling over 50 points on Thursday.
Shares of Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) rose sharply during Thursday's session after the company reported better-than-expected quarterly financial results.
Ally Financial posted adjusted earnings of 45 cents per share, beating market estimates of 33 cents per share. The company's adjusted sales came in at $1.99 billion versus expectations of $1.96 billion.
Ally Financial shares jumped 7.7% to $39.06 on Thursday.
Here are some other big stocks recording losses in today's session.
<ul>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) rose 24% to $9.30.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares gained 21.2% to $7.86.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares rose 13.9% to $3.5550.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) jumped 13.4% to $29.92. The company in a filing explained to shareholders how to prevent shares from being loaned for a short interest position.</li>
<li>Aquestive Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQST#NASDAQ">AQST</a>) jumped 12.4% to $4.4050.</li>
<li>Badger Meter, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) shares jumped 11.8% to $171.06 after the company reported better-than-expected first-quarter results.</li>
<li>FibroBiologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLG#NASDAQ">FBLG</a>) rose 11.8% to $10.61.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) climbed 11.7% to $16.66 as Bitcoin has gained over the past 24 hours.</li>
<li>Genuine Parts Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NASDAQ">GPC</a>) gained 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.</li>
<li>Barnes Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) rose 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) climbed 8.5% to $26.81 after the company reported better-than-expected first-quarter financial results.</li>
<li>Apogee Enterprises, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) surged 8.1% to $60.42 following upbeat quarterly earnings.</li>
<li>ManpowerGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) gained 7.1% to $75.03 following strong second-quarter guidance.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) rose 6.2% to $11.58 following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) jumped 4.6% to $50.99 after multiple analysts raised their price targets on the stock.</li>
<li>Now Read This: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex"> 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="612" height="418" data-id="298553" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1.jpeg" alt="" class="wp-image-298553" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1.jpeg 612w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1-300x205.jpeg 300w" sizes="(max-width: 612px) 100vw, 612px" /><figcaption class="wp-element-caption">Double exposure of business woman are trading USA stock market by using digital tablet</figcaption></figure> 
</figure>

Intraday Update

ALLY

AQST

CLSK

CRML

FBLG

HUMA

IRDM

SNAP

Ally Financial Reports Upbeat Earnings, Joins Badger Meter, Genuine Parts And Other Big Stocks Moving Higher On Thursday

Shares of Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) fell sharply during Thursday's session despite <a href="https://www.benzinga.com/news/earnings/24/04/38302237/las-vegas-sands-reports-better-than-expected-q1-results">better-than-expected first-quarter results.</a>
The company reported quarterly adjusted earnings of 75 cents per share which beat the analyst consensus estimate of 62 cents and represented a 167.86% increase from the same period last year. Quarterly sales clocked in at $2.96 billion which beat the analyst consensus estimate of $2.94 billion and is a 39.58% increase over sales of $2.12 billion from the same quarter last year, according to data from Benzinga Pro.
Las Vegas Sands shares dipped 6.8% to $46.81 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h2 class="wp-block-heading">Gainers</h2>
<ul>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) shares jumped 148% to $0.9898 after the company announced it entered into a definitive merger agreement with Triller.</li>
<li> Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) jumped 106% to $1.0012 after gaining around 8% on Wednesday.</li>
<li>Bio-Path Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPTH#NASDAQ">BPTH</a>) gained 77.7% to $5.74 after the company announced the completion of its second dose cohort in Phase 1/1b clinical trial of BP1002 evaluating the ability of BP1002 to treat refractory/relapsed acute myeloid leukemia patients.</li>
</ul>
<ul>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) rose 51% to $0.0560.</li>
<li>23andMe Holding Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ME#NASDAQ">ME</a>) gained 44% to $0.5035 after CEO Anne Wojcicki said she is considering a proposal to take the company private.</li>
<li>Expion360 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) gained 42.5% to $2.75. Expion360 announced &#8216;substantial&#8217; preorders of its Group 27 and GC2 now featuring Vertical Heat Conduction&#x2122; Heating Technology.</li>
<li>Vertex Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTNR#NASDAQ">VTNR</a>) rose 31% to $1.2901.</li>
<li>Aileron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRN#NASDAQ">ALRN</a>) jumped 29.4% to $5.50. Ladenburg Thalmann analyst Aydin Huseynov maintained Aileron Therapeutics with a Buy and raised the price target from $9 to $19.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) gained 26.5% to $2.8350.</li>
<li>TH International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCH#NASDAQ">THCH</a>) shares surged 26.4% to $1.3190 after the company reported a year-over-year increase in fourth-quarter financial results.</li>
<li>Tiziana Life Sciences Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLSA#NASDAQ">TLSA</a>) gained 20.1% to $0.6160. Tiziana Life Sciences announced new quantitative PET imaging data on Foralumab at Meeting of American Academy of Neurology.</li>
<li>Smith Micro Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) climbed 18.7% to $2.3150.</li>
<li>Warrantee Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) rose 15.8% to $0.3745.</li>
<li>Badger Meter, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) gained 11.8% to $171.06 after the company reported better-than-expected first-quarter results.</li>
<li>Genuine Parts Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NASDAQ">GPC</a>) rose 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.</li>
<li>Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) gained 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.</li>
<li>Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) climbed 8.1% to $60.42 following upbeat quarterly earnings.</li>
</ul>
<h2 class="wp-block-heading">Losers</h2>
<ul>
<li>iLearningEngines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares dipped 29.8% to $7.02.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) fell 28.4% to $0.2574. SuperCom announced pricing of $2.9 million registered direct offering.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares fell 28.6% to $4.75. Edible Garden recently reported a year-over-year increase in preliminary first-quarter revenues.</li>
<li>Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) fell 28% to $4.7750 after the company priced a $275 million public offering.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) fell 27.5% to $4.1920.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) fell 27.1% to $3.04. NRx Pharmaceuticals announced pricing of $2 million underwritten public offering of common stock at a public offering price of $3.30 per share.</li>
<li>Kartoon Studios Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOON#NASDAQ">TOON</a>) fell 25.3% to $1.1050 as the company announced pricing of up to $7 million registered direct offering of common stock.</li>
<li>INVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) declined 24.4% to $1.3750. INVO BioScience recently reported a year-over-year increase in fourth-quarter revenue results.</li>
<li>Windtree Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>) fell 24.4% to $0.2994. Windtree Therapeutics announced a 1-for-18 reverse stock split effective April 22.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) fell 24.1% to $3.17. NRx Pharmaceuticals announced pricing of $2 million underwritten public offering of common stock at a public offering price of $3.30 per share.</li>
<li>WiSA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) fell 24.2% to $7.01.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) dipped 11.2% to $8.53. SolarMax Technology recently reported fiscal year 2023 results.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) fell 10.5% to $6.79. Ocular Therapeutix reported topline Phase 1 data for AXPAXLI in diabetic retinopathy.</li>
<li>Primerica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) fell 8.6% to $193.38 following a report from The Bear Cave.</li>
<li> Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) shares declined 6.7% to $34.17 as the company posted weaker-than-expected results for its first quarter.</li>
<li> Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) fell 6.2% to $223.07 after the company reported worse-than-expected first-quarter sales results and issued adjusted guidance below estimates.</li>
<li> Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) shares fell 5.5% to $267.96 following weak quarterly sales.</li>
</ul>
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Why Las Vegas Sands Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Apogee Enterprises Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) reported fourth-quarter FY24 sales growth of 5.2% year-on-year to $361.84 million,&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38309414" rel="noreferrer noopener">beating the analyst consensus estimate of $337.83 million.</a>
Gross profit increased 13.3% to $88.5 million, and gross margin improved by 170 bps to 24.4%, primarily driven by higher pricing, improved product mix, and the impact of cost saving initiatives.
The operating income for the quarter declined 15% to $21.8 million and the operating margin contracted 150 basis points to 6%.
Adjusted EBITDA for the quarter increased 17.1% to $43 million with an adjusted EBITDA margin of 11.9%.
In the fourth quarter, the company incurred $12.4 million of pre-tax charges related to Project Fortify, an initiative to streamline its business operations, enable a more efficient cost model, and better position it for profitable growth.
Adjusted EPS of $1.14&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus estimate of $1.01.</a>
Apogee held $37.2 million in cash and equivalents as of March 2, 2024.
Outlook: Apogee expects a FY25 net sales decline of 4% to 7%. It sees FY25 adjusted EPS of $4.35 to $4.75 against the consensus estimate of $4.45.
Price Action: APOG shares closed lower by 0.50% at $55.92 on Wednesday.

General

Apogee Enterprises Forecasts Topline Decline In FY25 Amid Strategic Actions: Details

<h3>Companies Reporting Before The Bell</h3>
&bull; Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) is estimated to report earnings for its fourth quarter.
&bull; Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $5.09 billion.
&bull; Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $18.41 billion.
&bull; TH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCH#NASDAQ">THCH</a>) is projected to report earnings for its fourth quarter.
&bull; Ohmyhome (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMH#NASDAQ">OMH</a>) is likely to report earnings for its Fiscal Year 2023.
&bull; Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) is likely to report quarterly loss at $0.97 per share on revenue of $2.13 billion.
&bull; Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is projected to report quarterly earnings at $4.65 per share on revenue of $1.20 billion.
&bull; Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $253.42 million.
&bull; Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $4.55 billion.
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $89.01 million.
&bull; Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.98 billion.
&bull; Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) is estimated to report quarterly earnings at $2.16 per share on revenue of $5.84 billion.
&bull; Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $807.79 million.
&bull; KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.51 billion.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $10.49 per share on revenue of $42.62 billion.
&bull; Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $182.26 million.
&bull; S&amp;T Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBA#NASDAQ">STBA</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $95.94 million.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is likely to report quarterly earnings at $0.91 per share on revenue of $4.43 billion.
&bull; Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $2.53 billion.
&bull; Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $193.75 million.
&bull; Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $337.83 million.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $152.67 million.
&bull; Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $2.80 per share on revenue of $6.39 billion.
&bull; Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $240.40 million.
&bull; Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $325.91 million.
&bull; D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is likely to report quarterly earnings at $3.06 per share on revenue of $8.28 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $109.71 million.
&bull; Five Point Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPH#NYSE">FPH</a>) is expected to report earnings for its first quarter.
&bull; Provident Finl Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $92.95 million.
&bull; Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is expected to report quarterly earnings at $1.67 per share on revenue of $697.64 million.
&bull; Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $174.77 million.
&bull; Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) is expected to report earnings for its first quarter.
&bull; Glacier Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $171.99 million.
&bull; First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $22.97 million.
&bull; Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $11.63 million.
&bull; Metropolitan Bank Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $64.56 million.
&bull; Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.50 per share on revenue of $9.26 billion.
&bull; OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $87.72 million.
&bull; PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) is expected to report quarterly earnings at $1.86 per share on revenue of $4.43 billion.
&bull; SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $9.50 million.
&bull; Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is estimated to report quarterly earnings at $1.41 per share on revenue of $1.87 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 18, 2024

Apogee Enterprises Expects FY25 Adj. EPS Of $4.35-$4.75 Vs. Cons. $4.45

This range includes approximately 2 percentage points of decline related to fiscal 2025 reverting to a 52-week year, and approximately 1 percentage point of decline related to the actions of Project Fortify to eliminate certain lower-margin product and service offerings.

Apogee Enterprises Sees FY25 Net Sales To Decline 4% to 7%

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Apogee Enterprises to acquire UW Solutions

An update from Apogee ( ($APOG) ) is now available. Apogee Enterprises, Inc. is set to acquire UW Interco, LLC, a leader in high-performance coated...

Apogee Enhances Market Position with Strategic Acquisition

Earnings week ahead: Nike, Carnival, Constellation Brands, and more

This week, several major companies will be reporting earnings. Among them are Nike (NKE), Carnival (CCL), Constellation Brands (STZ), Conagra Brand...

Options Volatility and Implied Earnings Moves This Week, September 30 – October 04, 2024

Apogee Q2 2025 Earnings Preview

Apogee declares $0.25 dividend

Here's the major earnings before the open tomorrow

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Events

Press Releases

Sidoti Events, LLC's Virtual May Micro-Cap Conference

AM Best Affirms Credit Ratings of Prism Assurance, Ltd.

Apogee Enterprises Announces Date for Fiscal 2025 First Quarter Financial Results

Apogee Enterprises Declares Quarterly Cash Dividend

Apogee Enterprises Reports Fiscal 2025 First Quarter Results

Apogee Enterprises, Inc. Celebrates its 75th Anniversary

Apogee Enterprises Announces Date for Fiscal 2025 Second Quarter Financial Results

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