AZZ (NYSE:AZZ – Get Free Report) released its earnings results on Monday. The industrial products company reported $0.93 earnings per share for the quarter, topping 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 analyst estimates of $351.67 million. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. AZZ updated its FY25 guidance to $4.50-5.00 EPS.
AZZ Price Performance
NYSE AZZ traded down $1.33 on Wednesday, reaching $81.60. The company’s stock had a trading volume of 67,296 shares, compared to its average volume of 165,418. The firm has a market cap of $2.05 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28. The business has a 50-day moving average price of $75.03 and a 200 day moving average price of $61.20. AZZ has a 52 week low of $34.59 and a 52 week high of $84.52. The company has a current ratio of 1.89, a quick ratio of 1.33 and a debt-to-equity ratio of 1.36.
AZZ Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. AZZ’s payout ratio is currently 19.83%.
Wall Street Analyst Weigh In
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.
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