AZZ (NYSE:AZZ) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

AZZ (NYSE:AZZ) issued its earnings results on Monday. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.23, Briefing.com reports. The business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $351.67 million. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Stock Up 8.5 %

Shares of NYSE AZZ opened at $83.04 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. AZZ has a 52 week low of $34.59 and a 52 week high of $83.22. The firm has a 50-day moving average price of $75.03 and a 200 day moving average price of $61.20. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28.

AZZ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is 19.83%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Noble Financial downgraded shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a report on Friday, March 22nd. StockNews.com downgraded shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, B. Riley lifted their target price on shares of AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday.

AZZ Company Profile

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.