Somewhat Favorable Media Coverage Somewhat Unlikely to Affect AZZ (NYSE:AZZ) Stock Price
Headlines about AZZ (NYSE:AZZ) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AZZ earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.4785319395649 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of AZZ (NYSE AZZ) opened at 49.55 on Friday. AZZ has a 52 week low of $47.63 and a 52 week high of $67.98. The firm has a market capitalization of $1.29 billion, a P/E ratio of 24.40 and a beta of 1.57. The firm has a 50-day moving average of $51.66 and a 200 day moving average of $56.22.
AZZ (NYSE:AZZ) last posted its earnings results on Thursday, July 6th. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.19. The company had revenue of $208.60 million during the quarter, compared to analysts’ expectations of $225.08 million. AZZ had a net margin of 6.35% and a return on equity of 9.96%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period last year, the business earned $0.81 earnings per share. On average, equities research analysts expect that AZZ will post $2.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, July 14th. AZZ’s dividend payout ratio (DPR) is 33.50%.
Several equities research analysts have weighed in on AZZ shares. Zacks Investment Research downgraded shares of AZZ from a “buy” rating to a “strong sell” rating in a research note on Wednesday, April 26th. Stifel Nicolaus lowered their target price on shares of AZZ from $58.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, July 7th. TheStreet downgraded shares of AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Finally, BidaskClub downgraded shares of AZZ from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
In related news, CFO Paul Wesley Fehlman bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were purchased at an average cost of $49.31 per share, with a total value of $73,965.00. Following the transaction, the chief financial officer now directly owns 9,287 shares of the company’s stock, valued at approximately $457,941.97. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas E. Ferguson bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was bought at an average cost of $49.59 per share, for a total transaction of $247,950.00. Following the completion of the transaction, the insider now directly owns 49,037 shares in the company, valued at $2,431,744.83. The disclosure for this purchase can be found here. Company insiders own 0.01% of the company’s stock.
AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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