Apogee Enterprises Inc (APOG, Financial) shares experienced a significant decline, dropping over 16% following the company's announcement of lackluster fourth-quarter results for 2024. The sales remained stagnant compared to last year, adversely affecting profits as the operating margin saw a reduction. Furthermore, the full-year earnings per share (EPS) guidance has fallen short of expectations, suggesting potential headwinds in the forthcoming quarters.
Currently trading at $59.51, Apogee (APOG, Financial) has seen a price change of -11.62, reflecting a -16.34% decline. The company, trading on the NASDAQ, has a market capitalization of approximately $1.31 billion. Despite the recent decline, the stock's price-earnings (P/E) ratio stands at a modest 12.53, indicating potential value for long-term investors.
Apogee's operating margin is expanding, which is often a positive sign for profitability. The company boasts strong financial strength, highlighted by a high Piotroski F-Score of 8, which is indicative of a healthy financial situation. Further strengthening its position is the Altman Z-Score of 5.06, suggesting it is far from any financial distress. Moreover, the company is unlikely to be a manipulator as indicated by its Beneish M-Score of -2.91.
While the revenue per share has declined over the past 12 months, Apogee's strong financial health provides a robust foundation for potential recovery. The company's three-year revenue growth rate exceeds the industry median, standing at 11.1%, despite the recent period of stagnation.
In terms of valuation, Apogee (APOG, Financial) is considered "Modestly Overvalued" according to its GF Value assessment. For interested investors, the GF Value of $50.01 can be further examined for comprehensive insights here.
Investors should monitor Apogee's next earnings release, scheduled for January 7, 2025, as it could provide further clarity on the company's financial trajectory and address current market concerns.
