AZZ (NYSE:AZZ) Announces Earnings Results, Beats Estimates By $0.14 EPS

AZZ (NYSE:AZZ) announced its earnings results on Tuesday. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.86 by $0.14, FiscalAI reports. The firm had revenue of $486.89 million for the quarter, compared to the consensus estimate of $463.44 million. AZZ had a net margin of 9.59% and a return on equity of 15.05%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. AZZ updated its FY 2027 guidance to 7.000-7.300 EPS.

AZZ Price Performance

NYSE:AZZ opened at $137.39 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. AZZ has a one year low of $94.61 and a one year high of $162.20. The company has a fifty day moving average price of $139.88 and a 200 day moving average price of $142.08. The stock has a market cap of $4.13 billion, a P/E ratio of 24.76 and a beta of 1.13.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, October 19th. AZZ’s dividend payout ratio is presently 17.30%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AZZ. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a report on Tuesday, October 6th. B. Riley Financial lifted their price objective on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wells Fargo & Company boosted their price objective on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Barclays assumed coverage on AZZ in a report on Wednesday. They issued an “equal weight” rating and a $140.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $152.20.

Insider Buying and Selling at AZZ

In other news, COO Bryan Lee Stovall sold 2,677 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $150.07, for a total transaction of $401,737.39. Following the transaction, the chief operating officer owned 35,000 shares in the company, valued at approximately $5,252,450. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total transaction of $647,981.00. Following the transaction, the chief operating officer directly owned 1,834 shares of the company’s stock, valued at $281,610.70. This represents a 69.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.70% of the company’s stock.

More AZZ News

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: Quarterly results exceeded estimates. AZZ reported fiscal Q2 adjusted EPS of $2.00, above consensus estimates ranging from $1.82 to $1.87, while revenue rose 16.7% year over year to $486.9 million, exceeding estimates of roughly $463 million-$468 million. AZZ fiscal 2027 second-quarter results
• Positive Sentiment: Both operating segments delivered growth. Metal Coatings sales increased 22.9% and Precoat Metals sales rose 11.5%. Adjusted EBITDA grew 22.8% to $110.9 million, with margins improving, while operating cash flow jumped 76.1% to $102.8 million. AZZ also completed its Seattle Galvanizing acquisition and repurchased $20 million of stock. AZZ tops Q2 EPS and raises guidance
• Positive Sentiment: Fiscal 2027 guidance was raised. Management now expects full-year EPS of $7.00-$7.30 and revenue of $1.8 billion-$1.9 billion. The EPS range is near the consensus estimate, but the update reinforces expectations for continued earnings growth. AZZ earnings report
• Neutral Sentiment: Barclays initiated coverage with an Equal Weight rating. The neutral rating may limit upside enthusiasm despite the earnings beat, suggesting analysts see the current valuation as broadly reflecting AZZ’s operating prospects. Barclays initiates AZZ coverage
• Negative Sentiment: Reported GAAP profit declined because of an unusually favorable prior-year comparison. GAAP net income fell 34.6% and diluted EPS declined to $1.94, reflecting a prior-year gain tied to the AVAIL joint venture. While adjusted earnings increased 29%, the headline GAAP decline and already-elevated valuation help explain the stock’s relatively subdued reaction. AZZ second-quarter profit report

AZZ Company Profile

AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.

Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.

Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.