AZZ (NYSE:AZZ) Issues FY25 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.70-5.10 for the period, compared to the consensus EPS estimate of $4.94. The company issued revenue guidance of $1.525-1.625 billion, compared to the consensus revenue estimate of $1.60 billion.

AZZ Stock Up 1.1 %

AZZ stock traded up $0.91 during midday trading on Wednesday, hitting $81.57. 237,866 shares of the company’s stock were exchanged, compared to its average volume of 236,529. The firm has a 50 day moving average price of $78.77 and a 200-day moving average price of $78.73. AZZ has a 12-month low of $44.83 and a 12-month high of $88.67. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 75.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.16. The firm had revenue of $413.21 million during the quarter, compared to analyst estimates of $403.25 million. AZZ had a return on equity of 17.08% and a net margin of 7.22%. AZZ’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. On average, analysts anticipate that AZZ will post 4.93 EPS for the current year.

AZZ Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AZZ shares. Baird R W upgraded shares of AZZ to a hold rating in a research report on Tuesday, July 23rd. B. Riley upped their price objective on shares of AZZ from $89.00 to $99.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Evercore ISI began coverage on shares of AZZ in a report on Friday, June 14th. They set an outperform rating and a $90.00 price target on the stock. Noble Financial upgraded shares of AZZ from a market perform rating to an outperform rating and set a $95.00 price objective on the stock in a research report on Tuesday, June 11th. Finally, Robert W. Baird started coverage on AZZ in a report on Tuesday, July 23rd. They issued a neutral rating and a $90.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $95.80.

Insiders Place Their Bets

In other AZZ news, insider Tara D. Mackey sold 331 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $83.50, for a total transaction of $27,638.50. Following the completion of the transaction, the insider now directly owns 34,229 shares in the company, valued at $2,858,121.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Bryan Lee Stovall sold 14,545 shares of AZZ stock in a transaction that occurred on Thursday, July 18th. The shares were 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 approximately $1,695,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tara D. Mackey sold 331 shares of the stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.