AZZ (AZZ) to Release Earnings on Wednesday

AZZ (NYSE:AZZ) will be releasing its earnings data after the market closes on Wednesday, July 10th. Analysts expect AZZ to post earnings of $1.31 per share for the quarter. AZZ has set its FY25 guidance at $4.50-5.00 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.70 by $0.23. The firm had revenue of $366.50 million for the quarter, compared to analyst estimates of $351.67 million. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. On average, analysts expect AZZ to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AZZ Stock Down 1.2 %

Shares of NYSE:AZZ opened at $75.37 on Wednesday. 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 has a fifty-two week low of $40.07 and a fifty-two week high of $86.94. The firm’s 50 day moving average price is $78.38 and its 200 day moving average price is $71.77. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.25.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.68 dividend on an annualized basis and a yield of 0.90%. AZZ’s dividend payout ratio (DPR) is 19.83%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AZZ. Jefferies Financial Group began coverage on AZZ in a research note on Monday, May 20th. They set a “buy” rating and a $105.00 price target for the company. StockNews.com lowered AZZ from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Evercore ISI initiated coverage on AZZ in a research report on Friday, June 14th. They issued an “outperform” rating and a $90.00 target price on the stock. Noble Financial raised AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research note on Tuesday, June 11th. Finally, B. Riley increased their price target on AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.75.

About AZZ

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.