AZZ (NYSE:AZZ) Issues Earnings Results

AZZ (NYSE:AZZ) released its quarterly earnings results on Wednesday. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.16, Briefing.com reports. AZZ had a return on equity of 17.08% and a net margin of 7.22%. The firm had revenue of $413.21 million for the quarter, compared to analysts’ expectations of $403.25 million. During the same period in the prior year, the firm earned $1.14 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. AZZ updated its FY25 guidance to $4.50-5.00 EPS and its FY 2025 guidance to 4.500-5.000 EPS.

AZZ Stock Performance

Shares of NYSE AZZ opened at $81.20 on Friday. The stock has a market cap of $2.42 billion, a PE ratio of 75.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.25. AZZ has a 1 year low of $42.55 and a 1 year high of $86.94. The firm has a fifty day moving average price of $78.78 and a 200-day moving average price of $72.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28.

AZZ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, July 10th. AZZ’s dividend payout ratio is currently 63.55%.

Analyst Ratings Changes

A number of research firms have weighed in on AZZ. Evercore ISI began coverage on AZZ in a report on Friday, June 14th. They issued an “outperform” rating and a $90.00 target price on the stock. StockNews.com downgraded shares of AZZ from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Jefferies Financial Group assumed coverage on shares of AZZ in a report on Monday, May 20th. They set a “buy” rating and a $105.00 target price for the company. B. Riley lifted their price target on shares of AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Noble Financial upgraded AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Tuesday, June 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.75.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.