AZZ (NYSE:AZZ) Issues Earnings Results

AZZ (NYSE:AZZ) posted its earnings results on Monday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23, Briefing.com reports. The firm had revenue of $366.50 million during the quarter, compared to analysts’ expectations of $351.67 million. AZZ had a net margin of 5.63% and a return on equity of 13.15%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Trading Up 8.5 %

Shares of AZZ stock opened at $83.04 on Wednesday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.28. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. The firm’s fifty day simple moving average is $75.03 and its 200 day simple moving average is $61.20. AZZ has a 1 year low of $34.59 and a 1 year high of $83.22.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is currently 24.55%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AZZ. Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a research note on Friday, March 22nd. B. Riley boosted their price objective on shares of AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.