AZZ (NYSE:AZZ) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

AZZ (NYSE:AZZ) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05, Briefing.com reports. AZZ had a net margin of 7.22% and a return on equity of 17.08%. The business had revenue of $409.01 million during the quarter, compared to analysts’ expectations of $409.50 million. During the same period last year, the company posted $1.27 EPS. The company’s revenue was up 2.6% on a year-over-year basis. AZZ updated its FY25 guidance to $4.70-5.10 EPS and its FY 2025 guidance to 4.700-5.100 EPS.

AZZ Stock Performance

NYSE:AZZ opened at $81.71 on Thursday. AZZ has a fifty-two week low of $44.83 and a fifty-two week high of $88.67. The firm’s 50 day moving average is $78.81 and its two-hundred day moving average is $78.75. The company has a market cap of $2.44 billion, a P/E ratio of 76.36, a P/E/G ratio of 1.18 and a beta of 1.23. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36.

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, October 18th. AZZ’s dividend payout ratio (DPR) is 63.55%.

Analyst Upgrades and Downgrades

AZZ has been the topic of a number of analyst reports. Baird R W raised AZZ to a “hold” rating in a research note on Tuesday, July 23rd. B. Riley lifted their price target on shares of AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Evercore ISI initiated coverage on shares of AZZ in a research report on Friday, June 14th. They issued an “outperform” rating and a $90.00 price objective for the company. Robert W. Baird started coverage on shares of AZZ in a research report on Tuesday, July 23rd. They set a “neutral” rating and a $90.00 target price on the stock. Finally, Wolfe Research began coverage on AZZ in a report on Wednesday, July 31st. They issued a “peer perform” rating for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.80.

Insider Transactions at AZZ

In related news, COO Bryan Lee Stovall sold 14,545 shares of AZZ stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $84.79, for a total value of $1,233,270.55. Following the transaction, the chief operating officer now owns 20,000 shares in the company, valued at approximately $1,695,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tara D. Mackey sold 331 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $83.50, for a total value of $27,638.50. Following the completion of the sale, the insider now owns 34,229 shares of the company’s stock, valued at $2,858,121.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Bryan Lee Stovall sold 14,545 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the completion of the transaction, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,695,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.