AZZ (NYSE:AZZ) Updates FY25 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY25 earnings guidance on Monday morning. The company provided EPS guidance of $4.50-5.00 for the period, compared to the consensus EPS estimate of $4.77. The company issued revenue guidance of $1.53-1.63 billion, compared to the consensus revenue estimate of $1.58 billion.

AZZ Stock Performance

Shares of NYSE:AZZ opened at $83.04 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. AZZ has a 1-year low of $34.59 and a 1-year high of $83.22. The stock has a market capitalization of $2.08 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.14 and a beta of 1.28. The business has a 50-day moving average price of $75.03 and a two-hundred day moving average price of $61.20.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23. The firm had revenue of $366.50 million for 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% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts predict that AZZ will post 4.31 earnings per share for the current year.

AZZ Dividend Announcement

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 0.82%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is currently 24.55%.

Wall Street Analyst Weigh In

AZZ has been the subject of several recent analyst reports. Noble Financial downgraded shares of AZZ from an outperform rating to a market perform rating and set a $75.00 target price for the company. in a research note on Friday, March 22nd. StockNews.com downgraded AZZ from a buy rating to a hold rating in a report on Friday, February 9th. Finally, B. Riley increased their target price on AZZ from $67.00 to $85.00 and gave the stock a buy rating in a research note on Tuesday.

About AZZ

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.