AZZ (NYSE:AZZ) Announces Quarterly Earnings Results

AZZ (NYSE:AZZ) issued its earnings results on Monday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.23, Briefing.com reports. The business had revenue of $366.50 million during the quarter, compared to analysts’ expectations of $351.67 million. AZZ had a net margin of 5.63% and a return on equity of 13.15%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Stock Performance

Shares of NYSE AZZ opened at $83.04 on Wednesday. The firm has a 50 day moving average of $75.03 and a 200 day moving average of $61.20. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.28. AZZ has a 12-month low of $34.59 and a 12-month high of $83.22.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.68 annualized dividend and a yield of 0.82%. AZZ’s dividend payout ratio (DPR) is 24.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AZZ shares. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th. B. Riley boosted their price objective on shares of AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. 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.