AZZ (NYSE:AZZ) Releases FY25 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.70-5.10 for the period, compared to the consensus EPS estimate of $4.94. The company issued revenue guidance of $1.525-1.625 billion, compared to the consensus revenue estimate of $1.60 billion.

AZZ Stock Up 1.1 %

Shares of NYSE:AZZ traded up $0.91 during midday trading on Wednesday, reaching $81.57. 237,866 shares of the company were exchanged, compared to its average volume of 236,529. The firm has a market cap of $2.43 billion, a PE ratio of 75.33, a P/E/G ratio of 1.18 and a beta of 1.23. The stock has a fifty day simple moving average of $78.77 and a two-hundred day simple moving average of $78.73. AZZ has a fifty-two week low of $44.83 and a fifty-two week high of $88.67. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, July 10th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.16. The business had revenue of $413.21 million for the quarter, compared to analyst estimates of $403.25 million. AZZ had a return on equity of 17.08% and a net margin of 7.22%. AZZ’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. As a group, sell-side analysts forecast that AZZ will post 4.93 earnings per share for the current year.

AZZ Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Transactions at AZZ

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

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.