AZZ (NYSE:AZZ) Updates FY 2025 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.700-5.100 for the period, compared to the consensus earnings per share estimate of 4.940. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. AZZ also updated its FY25 guidance to $4.70-5.10 EPS.

AZZ Price Performance

AZZ traded up $0.91 on Wednesday, hitting $81.57. 237,866 shares of the stock were exchanged, compared to its average volume of 236,529. AZZ has a 12 month low of $44.83 and a 12 month high of $88.67. The business has a 50-day moving average of $78.77 and a two-hundred day moving average of $78.73. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 76.23, a PEG ratio of 1.18 and a beta of 1.23.

AZZ (NYSE:AZZ) last issued its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $409.01 million during the quarter, compared to the consensus estimate of $409.50 million. AZZ had a return on equity of 17.08% and a net margin of 7.22%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Sell-side analysts forecast that AZZ will post 4.93 EPS for the current fiscal year.

AZZ Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on AZZ shares. Evercore ISI started coverage on AZZ in a research note 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 target price for the company in a research report on Tuesday, June 11th. Baird R W raised shares of AZZ to a hold rating in a research report on Tuesday, July 23rd. B. Riley increased their target price on shares of AZZ from $89.00 to $99.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Finally, Wolfe Research started coverage on shares of AZZ in a research report on Wednesday, July 31st. They set a peer perform rating for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $95.80.

Insider Activity

In related news, insider Tara D. Mackey sold 331 shares of AZZ 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 completion of the sale, the insider now owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $84.79, for a total value of $1,233,270.55. Following the completion of the transaction, the chief operating officer now owns 20,000 shares in the company, valued at $1,695,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tara D. Mackey sold 331 shares of the firm’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 completion of the transaction, the insider now owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

AZZ Company Profile

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.