AZZ (NYSE:AZZ) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

AZZ (NYSE:AZZ) posted its quarterly earnings data on Wednesday. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.32 by $0.05, Briefing.com reports. AZZ had a net margin of 7.63% and a return on equity of 18.19%. The business had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. AZZ’s quarterly revenue was up 2.6% on a year-over-year basis. AZZ updated its FY25 guidance to $4.70-5.10 EPS and its FY 2025 guidance to 4.700-5.100 EPS.

AZZ Price Performance

Shares of NYSE AZZ opened at $77.35 on Friday. The firm has a 50-day simple moving average of $78.80 and a 200-day simple moving average of $78.74. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 60.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. AZZ has a 52 week low of $44.83 and a 52 week high of $88.67.

AZZ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, October 18th. AZZ’s dividend payout ratio is presently 53.13%.

Analyst Ratings Changes

A number of research analysts recently weighed in on AZZ shares. Evercore ISI started coverage on shares of AZZ in a research report on Friday, June 14th. They set an “outperform” rating and a $90.00 price objective on the stock. Baird R W raised shares of AZZ to a “hold” rating in a research note on Tuesday, July 23rd. B. Riley upped their target price on shares of AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of AZZ in a research report on Wednesday, July 31st. They set a “peer perform” rating for the company. Finally, Robert W. Baird assumed coverage on shares of AZZ in a research report on Tuesday, July 23rd. They set a “neutral” rating and a $90.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, AZZ has a consensus rating of “Moderate Buy” and an average target price of $95.80.

Insider Activity at AZZ

In other AZZ news, insider Tara D. Mackey sold 331 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $83.50, for a total transaction of $27,638.50. Following the completion of the transaction, the insider now owns 34,229 shares of the company’s stock, valued at $2,858,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Tara D. Mackey sold 331 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $83.50, for a total value of $27,638.50. Following the completion of the transaction, the insider now owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Bryan Lee Stovall sold 14,545 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the completion of the transaction, the chief operating officer now directly owns 20,000 shares of the company’s stock, valued at approximately $1,695,800. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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.