AZZ (NYSE:AZZ) Announces Earnings Results

AZZ (NYSE:AZZ) issued its earnings results on Wednesday. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05, Briefing.com reports. AZZ had a return on equity of 17.08% and a net margin of 7.22%. The company had revenue of $409.01 million during the quarter, compared to the consensus estimate of $409.50 million. During the same period in the previous year, the firm posted $1.27 earnings per share. AZZ’s quarterly revenue was up 2.6% compared to the same quarter last year. 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

AZZ stock traded up $0.91 during midday trading on Wednesday, hitting $81.57. The company’s stock had a trading volume of 237,866 shares, compared to its average volume of 236,529. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. The stock’s 50-day moving average price is $78.77 and its 200-day moving average price is $78.73. AZZ has a 12 month low of $44.83 and a 12 month high of $88.67. The company has a market capitalization of $2.43 billion, a PE ratio of 76.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, October 18th. AZZ’s dividend payout ratio (DPR) is presently 63.55%.

Insiders Place Their Bets

In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the sale, the chief operating officer now owns 20,000 shares in the company, valued at approximately $1,695,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the sale, the chief operating officer now owns 20,000 shares in the company, valued at approximately $1,695,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tara D. Mackey sold 331 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $83.50, for a total value of $27,638.50. Following the sale, the insider now owns 34,229 shares in the company, valued at approximately $2,858,121.50. 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 owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AZZ shares. Noble Financial raised AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a report on Tuesday, June 11th. B. Riley increased their price target on AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI started coverage on shares of AZZ in a report on Friday, June 14th. They issued an “outperform” rating and a $90.00 price objective for the company. Robert W. Baird began coverage on shares of AZZ in a research note on Tuesday, July 23rd. They set a “neutral” rating and a $90.00 target price on the stock. Finally, Wolfe Research began coverage on shares of AZZ in a report on Wednesday, July 31st. They issued a “peer perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.80.

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.