AZZ (NYSE:AZZ) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

AZZ (NYSE:AZZ) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.16, Briefing.com reports. The firm had revenue of $413.21 million during 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 business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. 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 opened at $81.20 on Friday. The company has a market capitalization 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 debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. AZZ has a one year low of $42.55 and a one year high of $86.94. The company’s fifty day moving average price is $78.78 and its 200 day moving average price is $72.60.

AZZ Announces Dividend

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

Analyst Upgrades and Downgrades

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