AZZ (NYSE:AZZ) posted its earnings results on Monday. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.11, MarketWatch Earnings reports. AZZ had a return on equity of 11.47% and a net margin of 6.59%. The company had revenue of $216.50 million for the quarter, compared to analyst estimates of $217.66 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year.
Shares of AZZ stock opened at $55.98 on Thursday. AZZ has a fifty-two week low of $32.51 and a fifty-two week high of $58.59. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.45 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.79 and a current ratio of 2.55. The stock’s 50-day simple moving average is $52.98 and its 200-day simple moving average is $52.66.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 2nd. Stockholders of record on Tuesday, October 19th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, October 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. AZZ’s payout ratio is 32.23%.
A hedge fund recently raised its stake in AZZ stock. Morgan Stanley increased its position in shares of AZZ Inc. (NYSE:AZZ) by 109.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,147 shares of the industrial products company’s stock after purchasing an additional 76,759 shares during the quarter. Morgan Stanley owned 0.59% of AZZ worth $7,620,000 as of its most recent SEC filing. Institutional investors own 87.60% of the company’s stock.
AZZ Company Profile
AZZ Inc engages in the provision of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. It operates through the Metal Coatings and Infrastructure Solutions segments.
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