AZZ (NYSE:AZZ) Issues Quarterly Earnings Results

AZZ (NYSE:AZZ) posted its quarterly earnings data on Monday. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.70 by $0.23, Briefing.com reports. The firm had revenue of $366.50 million during the quarter, compared to the consensus estimate of $351.67 million. AZZ had a return on equity of 15.66% and a net margin of 6.61%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Price Performance

NYSE:AZZ traded down $1.33 during trading hours on Wednesday, reaching $81.60. 67,296 shares of the company traded hands, compared to its average volume of 165,418. The firm’s 50-day moving average is $75.03 and its 200-day moving average is $61.20. The stock has a market cap of $2.05 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.16 and a beta of 1.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.33. AZZ has a 1-year low of $34.59 and a 1-year high of $84.52.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is presently 19.83%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. B. Riley upped their price target on AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Noble Financial cut AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price target on the stock. in a report on Friday, March 22nd.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.