AZZ (NYSE:AZZ) Issues 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 stock traded up $0.91 during mid-day trading on Wednesday, hitting $81.57. 237,866 shares of the company 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 company has a market capitalization of $2.43 billion, a P/E ratio of 76.23, a PEG ratio of 1.18 and a beta of 1.23. The business’s 50 day simple moving average is $78.77 and its two-hundred day simple moving average is $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.

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

AZZ Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wolfe Research assumed coverage on AZZ in a report on Wednesday, July 31st. They set a peer perform rating on the stock. B. Riley lifted their price target on AZZ from $89.00 to $99.00 and gave the company a buy rating in a report on Wednesday, July 17th. Robert W. Baird assumed coverage on shares of AZZ in a research note on Tuesday, July 23rd. They set a neutral rating and a $90.00 price objective for the company. Baird R W raised shares of AZZ to a hold rating in a research report on Tuesday, July 23rd. Finally, Noble Financial raised shares of AZZ from a market perform rating to an outperform rating and set a $95.00 price target for the company in a research report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $95.80.

Insiders Place Their Bets

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

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.