AZZ (NYSE:AZZ) Issues Earnings Results

AZZ (NYSE:AZZ) issued its earnings results on Tuesday. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10, Zacks reports. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The company had revenue of $403.65 million during the quarter, compared to analyst estimates of $394.30 million. During the same quarter last year, the business posted $1.19 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. AZZ updated its FY25 guidance to $5.00-5.30 EPS.

AZZ Stock Down 0.3 %

Shares of AZZ traded down $0.23 during trading hours on Tuesday, hitting $84.87. 393,438 shares of the company were exchanged, compared to its average volume of 204,855. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85. The company has a market cap of $2.54 billion, a PE ratio of 66.31, a PEG ratio of 1.33 and a beta of 1.30. The firm’s 50 day moving average is $86.87 and its 200-day moving average is $81.79. AZZ has a 52 week low of $55.78 and a 52 week high of $97.98.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their target price on AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AZZ currently has an average rating of “Moderate Buy” and a consensus target price of $96.80.

About AZZ

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.