AZZ (NYSE:AZZ – Get Free Report) announced its earnings results on Wednesday. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.30 by $0.16, Briefing.com reports. The firm had revenue of $413.21 million for the quarter, compared to the consensus estimate of $403.25 million. AZZ had a return on equity of 17.08% and a net margin of 7.22%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. 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
AZZ stock opened at $81.20 on Friday. The firm has a market cap of $2.42 billion, a PE ratio of 75.89, a P/E/G ratio of 1.10 and a beta of 1.25. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average of $78.78 and a 200-day moving average of $72.60. AZZ has a 12-month low of $42.55 and a 12-month high of $86.94.
AZZ Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, July 10th. AZZ’s dividend payout ratio is presently 63.55%.
Analyst Upgrades and Downgrades
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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.
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