AZZ (NYSE:AZZ) Releases Earnings Results, Beats Expectations By $0.12 EPS

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AZZ (NYSE:AZZ) announced its quarterly earnings results on Sunday. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12, MarketWatch Earnings reports. AZZ had a return on equity of 8.29% and a net margin of 1.59%. The company had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $244.71 million. During the same period in the prior year, the business posted $0.84 EPS. AZZ’s revenue was down 22.3% on a year-over-year basis.

NYSE:AZZ opened at $50.08 on Wednesday. AZZ has a twelve month low of $19.31 and a twelve month high of $51.68. The company has a quick ratio of 0.90, a current ratio of 1.29 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $47.10 and a two-hundred day moving average price of $37.60. The company has a market cap of $1.31 billion, a P/E ratio of 87.86 and a beta of 1.56.

A number of research firms recently issued reports on AZZ. Zacks Investment Research raised AZZ from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 15th. ValuEngine raised AZZ from a “sell” rating to a “hold” rating in a research note on Wednesday, November 25th. Stifel Nicolaus raised AZZ from a “hold” rating to a “buy” rating and increased their target price for the stock from $38.00 to $50.00 in a research note on Thursday, November 19th. Finally, Sidoti cut AZZ from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Thursday, January 7th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. AZZ presently has an average rating of “Hold” and a consensus price target of $48.08.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, electrical, and nuclear applications.

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Earnings History for AZZ (NYSE:AZZ)

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