AZZ (NYSE:AZZ) Issues Earnings Results

AZZ (NYSE:AZZ) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.16, Briefing.com reports. The firm had revenue of $413.21 million for the quarter, compared to analyst estimates of $403.25 million. AZZ had a return on equity of 15.66% and a net margin of 6.61%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS and its FY 2025 guidance to 4.500-5.000 EPS.

AZZ Stock Performance

Shares of AZZ stock opened at $81.20 on Friday. The company has a market cap of $2.42 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.25. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. AZZ has a 52 week low of $42.55 and a 52 week high of $86.94. The business has a 50 day moving average price of $78.78 and a 200-day moving average price of $72.60.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a $0.17 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $0.68 annualized dividend and a yield of 0.84%. AZZ’s payout ratio is 19.83%.

Analysts Set New Price Targets

AZZ has been the topic of several research analyst reports. Noble Financial raised shares of AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Tuesday, June 11th. B. Riley increased their price objective on shares of AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Evercore ISI started coverage on AZZ in a research report on Friday, June 14th. They issued an “outperform” rating and a $90.00 target price for the company. Jefferies Financial Group started coverage on AZZ in a report on Monday, May 20th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, StockNews.com downgraded AZZ from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.75.

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.