AZZ (NYSE:AZZ) Releases Earnings Results

AZZ (NYSE:AZZ) announced its quarterly earnings data on Monday. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23, Briefing.com reports. AZZ had a net margin of 5.63% and a return on equity of 13.15%. The company had revenue of $366.50 million for the quarter, compared to the consensus estimate of $351.67 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Trading Up 2.3 %

Shares of AZZ stock opened at $76.50 on Tuesday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.14 and a beta of 1.28. The company has a fifty day simple moving average of $74.74 and a 200-day simple moving average of $60.93. 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 12-month low of $34.59 and a 12-month high of $82.10.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s payout ratio is 24.55%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a report on Friday, March 22nd.

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.