Shares of AZZ Inc (NYSE:AZZ) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $52.00 for the company and are anticipating that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 169 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on AZZ shares. Zacks Investment Research upgraded AZZ from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Stifel Nicolaus restated a “hold” rating and issued a $56.00 target price on shares of AZZ in a research note on Thursday, September 7th. Finally, BidaskClub downgraded AZZ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th.
A number of hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC boosted its stake in AZZ by 11.5% in the third quarter. Neuberger Berman Group LLC now owns 2,053,087 shares of the industrial products company’s stock valued at $99,985,000 after acquiring an additional 211,222 shares during the period. California Public Employees Retirement System boosted its stake in AZZ by 11.0% in the third quarter. California Public Employees Retirement System now owns 53,076 shares of the industrial products company’s stock valued at $2,585,000 after acquiring an additional 5,276 shares during the period. Segall Bryant & Hamill LLC boosted its stake in AZZ by 1.7% in the third quarter. Segall Bryant & Hamill LLC now owns 177,538 shares of the industrial products company’s stock valued at $8,646,000 after acquiring an additional 2,904 shares during the period. Dimensional Fund Advisors LP boosted its stake in AZZ by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,029,118 shares of the industrial products company’s stock valued at $50,119,000 after acquiring an additional 21,810 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in AZZ by 9.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 169,068 shares of the industrial products company’s stock valued at $8,234,000 after acquiring an additional 13,993 shares during the period. Institutional investors own 87.86% of the company’s stock.
Shares of AZZ (AZZ) traded down $0.05 during trading on Monday, reaching $47.45. The company had a trading volume of 69,931 shares, compared to its average volume of 116,656. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market capitalization of $1,230.00, a price-to-earnings ratio of 24.01 and a beta of 1.55. AZZ has a 1 year low of $43.17 and a 1 year high of $65.90.
AZZ (NYSE:AZZ) last announced its quarterly earnings data on Tuesday, October 3rd. The industrial products company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The firm had revenue of $190.40 million during the quarter, compared to the consensus estimate of $193.70 million. AZZ had a net margin of 6.27% and a return on equity of 9.65%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. equities analysts anticipate that AZZ will post 1.99 EPS for the current year.
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AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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