AZZ (NYSE:AZZ) Updates FY 2027 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.750-7.150 for the period, compared to the consensus earnings per share estimate of 6.830. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.7 billion.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AZZ shares. Robert W. Baird lifted their price target on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and set a $152.00 target price on shares of AZZ in a report on Monday, April 27th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, B. Riley Financial raised their price objective on shares of AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.00.

AZZ Price Performance

NYSE AZZ traded down $0.15 during trading on Wednesday, reaching $143.90. The company’s stock had a trading volume of 398,948 shares, compared to its average volume of 216,204. The firm has a fifty day moving average of $145.57 and a 200 day moving average of $132.86. AZZ has a one year low of $92.98 and a one year high of $162.20. The stock has a market capitalization of $4.32 billion, a PE ratio of 13.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.69 by $0.16. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The company had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Analysts expect that AZZ will post 6.78 EPS for the current fiscal year.

AZZ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.24 dividend. This is a boost from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. AZZ’s payout ratio is currently 7.62%.

Hedge Funds Weigh In On AZZ

A number of large investors have recently modified their holdings of the company. Lido Advisors LLC grew its holdings in AZZ by 3.0% in the fourth quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 77 shares during the period. LPL Financial LLC grew its stake in shares of AZZ by 1.0% in the 4th quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company’s stock worth $1,135,000 after buying an additional 101 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of AZZ by 0.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 19,159 shares of the industrial products company’s stock worth $2,053,000 after buying an additional 143 shares during the last quarter. Zacks Investment Management increased its position in AZZ by 3.7% during the 3rd quarter. Zacks Investment Management now owns 4,705 shares of the industrial products company’s stock valued at $514,000 after buying an additional 169 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in AZZ by 0.7% during the second quarter. California State Teachers Retirement System now owns 26,314 shares of the industrial products company’s stock valued at $2,486,000 after buying an additional 190 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

About AZZ

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.