AZZ (NYSE:AZZ) Updates FY 2020 Pre-Market Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.60-2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.78. The company issued revenue guidance of $1.02-1.06 billion, compared to the consensus revenue estimate of $1.03 billion.AZZ also updated its FY20 guidance to $2.60-2.90 EPS.

AZZ stock opened at $44.23 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.23 billion, a PE ratio of 22.57 and a beta of 1.45. The firm has a fifty day simple moving average of $43.65 and a two-hundred day simple moving average of $42.57. AZZ has a twelve month low of $35.81 and a twelve month high of $50.36.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Thursday, January 9th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $291.10 million during the quarter, compared to the consensus estimate of $271.31 million. AZZ had a net margin of 6.65% and a return on equity of 10.79%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts expect that AZZ will post 2.79 earnings per share for the current fiscal year.

Several analysts have weighed in on AZZ shares. ValuEngine raised shares of AZZ from a sell rating to a hold rating in a research note on Friday, January 3rd. Zacks Investment Research cut shares of AZZ from a buy rating to a hold rating in a research report on Tuesday, November 26th. Finally, TheStreet upgraded shares of AZZ from a c+ rating to a b rating in a research report on Thursday.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

Further Reading: Quiet Period

Receive News & Ratings for AZZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZZ and related companies with MarketBeat.com's FREE daily email newsletter.