AZZ (NYSE:AZZ) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

AZZ (NYSE:AZZ) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05, Briefing.com reports. AZZ had a net margin of 7.22% and a return on equity of 17.08%. The business had revenue of $409.01 million during the quarter, compared to analyst estimates of $409.50 million. During the same quarter last year, the business earned $1.27 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. AZZ updated its FY25 guidance to $4.70-5.10 EPS and its FY 2025 guidance to 4.700-5.100 EPS.

AZZ Stock Performance

Shares of AZZ stock traded up $0.91 on Wednesday, reaching $81.57. 237,866 shares of the company traded hands, compared to its average volume of 236,529. The company has a 50 day moving average of $78.77 and a 200 day moving average of $78.73. 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 52 week low of $44.83 and a 52 week high of $88.67. The firm has a market capitalization of $2.43 billion, a PE ratio of 76.23, a PEG ratio of 1.18 and a beta of 1.23.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, October 18th. AZZ’s payout ratio is 63.55%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AZZ shares. Noble Financial raised 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. Wolfe Research began coverage on shares of AZZ in a research note on Wednesday, July 31st. They set a “peer perform” rating on the stock. Robert W. Baird began coverage on AZZ in a research note on Tuesday, July 23rd. They issued a “neutral” rating and a $90.00 price objective for the company. Evercore ISI assumed coverage on shares of AZZ in a report on Friday, June 14th. They set an “outperform” rating and a $90.00 price objective for the company. Finally, B. Riley upped their price target on AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.80.

Insider Buying and Selling

In other AZZ news, insider Tara D. Mackey sold 331 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $83.50, for a total transaction of $27,638.50. Following the completion of the transaction, the insider now directly owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Bryan Lee Stovall sold 14,545 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the sale, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,695,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tara D. Mackey sold 331 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $83.50, for a total value of $27,638.50. Following the completion of the transaction, the insider now owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

AZZ Company Profile

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.