AZZ (NYSE:AZZ) Releases FY 2025 Earnings Guidance

AZZ (NYSE:AZZ) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.700-5.100 for the period, compared to the consensus earnings per share estimate of 4.940. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. AZZ also updated its FY25 guidance to $4.70-5.10 EPS.

AZZ Stock Up 1.1 %

AZZ stock traded up $0.91 during mid-day trading on Wednesday, hitting $81.57. 237,866 shares of the company were exchanged, compared to its average volume of 236,529. The company has a market capitalization of $2.43 billion, a PE ratio of 76.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The firm has a fifty day simple moving average of $78.77 and a 200 day simple moving average of $78.73. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. AZZ has a twelve month low of $44.83 and a twelve month high of $88.67.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $409.01 million during the quarter, compared to the consensus estimate of $409.50 million. AZZ had a net margin of 7.22% and a return on equity of 17.08%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, research analysts forecast that AZZ will post 4.93 earnings per share for the current fiscal year.

AZZ Dividend Announcement

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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, October 18th. AZZ’s dividend payout ratio is presently 63.55%.

Wall Street Analyst Weigh In

AZZ has been the subject of several analyst reports. Noble Financial upgraded AZZ from a market perform rating to an outperform rating and set a $95.00 price objective for the company in a research report on Tuesday, June 11th. B. Riley increased their price target on AZZ from $89.00 to $99.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Baird R W raised AZZ to a hold rating in a research note on Tuesday, July 23rd. Evercore ISI assumed coverage on AZZ in a research note on Friday, June 14th. They set an outperform rating and a $90.00 target price for the company. Finally, Wolfe Research began coverage on shares of AZZ in a research report on Wednesday, July 31st. They issued a peer perform rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $95.80.

Insiders Place Their Bets

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

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.