AZZ Inc. (NYSE:AZZ – Free Report) – Equities research analysts at Noble Financial reduced their Q3 2027 earnings per share (EPS) estimates for shares of AZZ in a report issued on Thursday, October 15th. Noble Financial analyst M. Reichman now anticipates that the industrial products company will earn $1.75 per share for the quarter, down from their previous forecast of $1.78. The consensus estimate for AZZ’s current full-year earnings is $7.09 per share. Noble Financial also issued estimates for AZZ’s Q4 2027 earnings at $1.55 EPS, FY2027 earnings at $7.15 EPS, FY2028 earnings at $7.67 EPS, FY2029 earnings at $8.00 EPS, FY2030 earnings at $8.34 EPS and FY2031 earnings at $8.70 EPS.
A number of other research firms have also recently issued reports on AZZ. Barclays upped their price objective on shares of AZZ from $140.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a research report on Tuesday, October 6th. Wells Fargo & Company raised their target price on shares of AZZ from $144.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday. Wall Street Zen cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, B. Riley Financial upped their price target on shares of AZZ from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.20.
Read Our Latest Stock Analysis on AZZ
AZZ Trading Down 5.2%
AZZ opened at $130.53 on Friday. The company’s 50 day moving average is $139.47 and its 200-day moving average is $142.13. AZZ has a 1-year low of $94.61 and a 1-year high of $162.20. The company has a current ratio of 1.79, a quick ratio of 1.39 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.91 billion, a P/E ratio of 23.52 and a beta of 1.13.
AZZ (NYSE:AZZ – Get Free Report) last released its earnings results on Tuesday, October 13th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.18. The firm had revenue of $486.89 million for the quarter, compared to analysts’ expectations of $467.14 million. AZZ had a return on equity of 14.85% and a net margin of 9.59%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 earnings per share. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS.
AZZ Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, October 19th. AZZ’s payout ratio is 17.30%.
Insider Activity
In other news, COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total value of $647,981.00. Following the completion of the transaction, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Bryan Lee Stovall sold 2,677 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $150.07, for a total transaction of $401,737.39. Following the completion of the transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On AZZ
Several institutional investors and hedge funds have recently added to or reduced their stakes in AZZ. Kilter Group LLC bought a new position in shares of AZZ during the second quarter valued at $33,000. Allworth Financial LP bought a new stake in shares of AZZ in the second quarter worth $60,000. Integrated Wealth Concepts LLC acquired a new stake in AZZ in the second quarter valued at $66,000. Harbor Investment Advisory LLC acquired a new stake in AZZ in the second quarter valued at $67,000. Finally, GAMMA Investing LLC increased its holdings in AZZ by 27.5% in the third quarter. GAMMA Investing LLC now owns 658 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 142 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting AZZ
Here are the key news stories impacting AZZ this week:
- Positive Sentiment: Quarterly results beat expectations: AZZ reported record revenue of $486.9 million, up 16.7% year over year, and adjusted earnings of $2.00 per share versus the $1.86 consensus estimate. AZZ Analysts Boost Their Forecasts After Upbeat Q2 Results
- Positive Sentiment: Guidance was raised: Management increased fiscal 2027 earnings guidance to $7.00-$7.30 per share, broadly consistent with analysts’ current $7.09 consensus estimate, reinforcing expectations for continued growth. AZZ Tops Q2 EPS and Raises Guidance
- Positive Sentiment: Some analysts lifted forecasts: The earnings beat and improved outlook prompted upward revisions from certain analysts, supporting the company’s growth narrative.
- Neutral Sentiment: New coverage was balanced: Barclays initiated coverage with an Equal Weight rating and a $140 price target, while Wells Fargo raised its target modestly to $145 but maintained Equal Weight. These targets imply upside, but neither firm identified a strong near-term catalyst. Barclays Initiates Coverage of AZZ
- Negative Sentiment: Valuation and earnings-quality concerns limited the reaction: Baird lowered its price target to $150 and kept a Neutral rating. Reports also highlighted that quarterly profit declined despite the revenue and EPS beat, fueling debate over whether AZZ’s valuation—around 23.5 times earnings—fully reflects its improved outlook. AZZ’s Strong Quarter Meets a Stubborn Price
AZZ Company Profile
AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.
Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.
Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.
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