AZZ (NYSE:AZZ) Releases Earnings Results, Beats Estimates By $0.12 EPS

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

Shares of AZZ stock opened at $50.08 on Wednesday. The firm has a market capitalization of $1.31 billion, a PE ratio of 87.86 and a beta of 1.56. The firm has a fifty day simple moving average of $47.10 and a two-hundred day simple moving average of $37.60. The company has a current ratio of 1.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.07. AZZ has a 12 month low of $19.31 and a 12 month high of $51.68.

A number of research analysts have recently issued reports on AZZ shares. Sidoti downgraded 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. Zacks Investment Research upgraded shares of AZZ from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 15th. Stifel Nicolaus upgraded shares of AZZ from a “hold” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $50.00 in a research note on Thursday, November 19th. Finally, ValuEngine upgraded shares of AZZ from a “sell” rating to a “hold” rating in a research note on Wednesday, November 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. AZZ presently has an average rating of “Hold” and a consensus target price of $48.08.

About AZZ

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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