AZZ (NYSE:AZZ – Get Free Report) issued its 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 company had revenue of $366.50 million during the quarter, compared to analysts’ expectations of $351.67 million. AZZ had a net margin of 5.63% and a return on equity of 13.15%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. AZZ updated its FY25 guidance to $4.50-5.00 EPS.
AZZ Price Performance
Shares of NYSE AZZ opened at $83.04 on Wednesday. The firm has a market cap of $2.08 billion, a PE ratio of 29.98, a PEG ratio of 1.14 and a beta of 1.28. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. AZZ has a 1-year low of $34.59 and a 1-year high of $83.22. The company has a fifty day moving average price of $75.03 and a 200 day moving average price of $61.20.
AZZ Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s payout ratio is presently 24.55%.
Wall Street Analyst Weigh In
Check Out Our Latest Report on AZZ
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.
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