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

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

AZZ Stock Up 8.5 %

Shares of NYSE AZZ opened at $83.04 on Wednesday. AZZ has a 52-week low of $34.59 and a 52-week high of $83.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.89. The business has a fifty day moving average of $75.03 and a two-hundred day moving average of $61.20. The stock has a market cap of $2.08 billion, a PE ratio of 24.21, a PEG ratio of 1.16 and a beta of 1.28.

AZZ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is 19.83%.

Wall Street Analysts Forecast Growth

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

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.