AZZ Inc. (NYSE:AZZ – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $100.67.
A number of equities research analysts recently weighed in on AZZ shares. Roth Mkm started coverage on shares of AZZ in a research note on Tuesday, February 11th. They set a “buy” rating and a $108.00 price objective on the stock. B. Riley lifted their price objective on shares of AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Noble Financial reiterated an “outperform” rating on shares of AZZ in a research report on Thursday, March 6th. Jefferies Financial Group boosted their price target on shares of AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Roth Capital upgraded shares of AZZ to a “strong-buy” rating in a research report on Tuesday, February 11th.
Check Out Our Latest Stock Report on AZZ
Hedge Funds Weigh In On AZZ
AZZ Stock Performance
Shares of AZZ opened at $86.63 on Friday. AZZ has a 1 year low of $69.59 and a 1 year high of $99.49. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77. The firm has a fifty day moving average of $90.45 and a 200-day moving average of $85.79.
AZZ (NYSE:AZZ – Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The business had revenue of $403.65 million for the quarter, compared to analysts’ expectations of $394.30 million. During the same period in the previous year, the business earned $1.19 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that AZZ will post 5.13 earnings per share for the current year.
AZZ Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.78%. AZZ’s dividend payout ratio is currently 45.95%.
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.
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