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

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

AZZ Stock Performance

Shares of AZZ stock opened at $83.04 on Wednesday. The company has a market cap 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. The stock has a 50 day simple moving average of $75.03 and a 200-day simple moving average of $61.20. AZZ has a 12-month low of $34.59 and a 12-month high of $83.22. The company has a current ratio of 1.89, a quick ratio of 1.33 and a debt-to-equity ratio of 1.36.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

Several research firms have commented on AZZ. Noble Financial downgraded AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. in a research note on Friday, March 22nd. StockNews.com downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, B. Riley upped their price objective on AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a research note 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.