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

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

AZZ Stock Up 8.5 %

AZZ stock opened at $83.04 on Wednesday. The company’s 50 day simple moving average is $75.03 and its 200-day simple moving average is $61.20. The firm has a market capitalization of $2.08 billion, a PE ratio of 24.21, a P/E/G ratio of 1.16 and a beta of 1.28. AZZ has a 12 month low of $34.59 and a 12 month high of $83.22. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.33.

AZZ Dividend Announcement

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

Wall Street Analysts Forecast Growth

AZZ has been the subject of a number of research reports. Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a report on Friday, March 22nd. B. Riley boosted their price target on shares of AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com lowered shares of AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

About AZZ

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.