AZZ (NYSE:AZZ) Issues Earnings Results, Beats Estimates By $0.16 EPS

AZZ (NYSE:AZZ) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.16, Briefing.com reports. AZZ had a net margin of 7.22% and a return on equity of 17.08%. The company had revenue of $413.21 million for the quarter, compared to the consensus estimate of $403.25 million. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. AZZ updated its FY25 guidance to $4.50-5.00 EPS and its FY 2025 guidance to 4.500-5.000 EPS.

AZZ Trading Up 2.5 %

AZZ stock traded up $2.02 during midday trading on Friday, hitting $83.17. The stock had a trading volume of 9,513 shares, compared to its average volume of 255,941. The firm has a market cap of $2.48 billion, a PE ratio of 75.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.25. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. AZZ has a 12-month low of $42.55 and a 12-month high of $86.94. The company’s 50-day moving average price is $78.78 and its 200 day moving average price is $72.60.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, July 10th. This represents a $0.68 annualized dividend and a yield of 0.82%. AZZ’s payout ratio is currently 63.55%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AZZ shares. Jefferies Financial Group initiated coverage on shares of AZZ in a research report on Monday, May 20th. They set a “buy” rating and a $105.00 price objective for the company. Evercore ISI initiated coverage on shares of AZZ in a research report on Friday, June 14th. They issued an “outperform” rating and a $90.00 price objective for the company. Noble Financial raised shares of AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research report on Tuesday, June 11th. StockNews.com lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, 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, April 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.75.

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.