AZZ (NYSE:AZZ) Announces Earnings Results, Beats Estimates By $0.16 EPS

AZZ (NYSE:AZZGet Free Report) released its earnings results on Wednesday. The industrial products company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.16, FiscalAI reports. The company had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%.AZZ’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. AZZ updated its FY 2027 guidance to 6.750-7.150 EPS.

AZZ Stock Down 0.1%

Shares of NYSE:AZZ opened at $143.90 on Thursday. AZZ has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The firm’s 50 day moving average price is $145.55 and its 200 day moving average price is $133.11. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 13.70 and a beta of 1.11.

AZZ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.7%. This is a positive change from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 9th. AZZ’s dividend payout ratio is 7.62%.

Institutional Investors Weigh In On AZZ

A number of large investors have recently modified their holdings of AZZ. Price T Rowe Associates Inc. MD lifted its position in shares of AZZ by 861.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock worth $33,814,000 after purchasing an additional 282,676 shares during the last quarter. Wellington Management Group LLP increased its holdings in AZZ by 93.2% in the fourth quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after buying an additional 264,956 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in AZZ by 131.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock valued at $32,063,000 after buying an additional 169,772 shares in the last quarter. Invesco Ltd. raised its stake in AZZ by 103.5% in the third quarter. Invesco Ltd. now owns 276,990 shares of the industrial products company’s stock valued at $30,228,000 after buying an additional 140,877 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in AZZ during the 4th quarter worth about $11,200,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AZZ shares. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Evercore reiterated an “outperform” rating and set a $152.00 target price on shares of AZZ in a report on Monday, April 27th. Robert W. Baird raised their price target on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. B. Riley Financial boosted their price target on shares of AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, AZZ has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

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Key AZZ News

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AZZ Company Profile

(Get Free Report)

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.

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Earnings History for AZZ (NYSE:AZZ)

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