AZZ (NYSE:AZZ) Releases Quarterly Earnings Results

AZZ (NYSE:AZZ) announced its earnings results on Monday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.23, Briefing.com reports. AZZ had a return on equity of 15.66% and a net margin of 6.61%. The business had revenue of $366.50 million during the quarter, compared to analyst estimates of $351.67 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Stock Performance

Shares of AZZ opened at $83.04 on Wednesday. AZZ has a 12 month low of $34.59 and a 12 month high of $83.22. The stock has a fifty day moving average price of $75.03 and a 200-day moving average price of $61.20. The company has a current ratio of 1.89, a quick ratio of 1.33 and a debt-to-equity ratio of 1.36. The firm has a market cap of $2.08 billion, a PE ratio of 24.21, a P/E/G ratio of 1.16 and a beta of 1.28.

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.82%. AZZ’s dividend payout ratio is presently 19.83%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AZZ shares. B. Riley lifted their price target on shares of AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Noble Financial downgraded shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a research note on Friday, March 22nd. Finally, StockNews.com downgraded shares of AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.