AZZ (NYSE:AZZ) Announces Earnings Results

AZZ (NYSE:AZZ) released its earnings results on Sunday. The industrial products company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12, MarketWatch Earnings reports. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $244.71 million. AZZ had a net margin of 1.59% and a return on equity of 8.29%. The business’s quarterly revenue was down 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS.

Shares of NYSE:AZZ opened at $50.08 on Wednesday. The company’s 50-day moving average price is $47.10 and its two-hundred day moving average price is $37.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 0.90. AZZ has a one year low of $19.31 and a one year high of $51.68. The stock has a market capitalization of $1.31 billion, a PE ratio of 87.86 and a beta of 1.56.

Several equities research analysts recently commented on the stock. Stifel Nicolaus raised shares of AZZ from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $50.00 in a research report on Thursday, November 19th. Zacks Investment Research raised shares of AZZ from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 15th. Sidoti cut shares of AZZ from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Thursday, January 7th. Finally, ValuEngine raised shares of AZZ from a “sell” rating to a “hold” rating in a research report on Wednesday, November 25th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.08.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, electrical, and nuclear applications.

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Earnings History for AZZ (NYSE:AZZ)

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