AZZ (AZZ) to Release Earnings on Wednesday

AZZ (NYSE:AZZ) will be announcing its earnings results after the market closes on Wednesday, October 9th. Analysts expect the company to announce earnings of $1.26 per share for the quarter. AZZ has set its FY25 guidance at $4.50-5.00 EPS and its FY 2025 guidance at 4.500-5.000 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, July 10th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.16. The company had revenue of $413.21 million during the quarter, compared to the consensus estimate of $403.25 million. AZZ had a return on equity of 17.08% and a net margin of 7.22%. AZZ’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 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 Performance

Shares of AZZ opened at $81.16 on Wednesday. AZZ has a 52-week low of $43.48 and a 52-week high of $88.67. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average price of $78.74 and a 200 day moving average price of $78.61. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 75.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.24.

Insider Activity at AZZ

In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the transaction, the chief operating officer now owns 20,000 shares of the company’s stock, valued at $1,695,800. The sale was disclosed in a document filed with the SEC, which is available through this link. In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the completion of the sale, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,695,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tara D. Mackey sold 331 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $83.50, for a total value of $27,638.50. Following the sale, the insider now owns 34,229 shares of the company’s stock, valued at $2,858,121.50. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AZZ shares. Robert W. Baird began coverage on AZZ in a research note on Tuesday, July 23rd. They set a “neutral” rating and a $90.00 price objective for the company. B. Riley boosted their target price on AZZ from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI assumed coverage on AZZ in a research note on Friday, June 14th. They issued an “outperform” rating and a $90.00 target price on the stock. Baird R W upgraded AZZ to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Noble Financial upgraded AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Tuesday, June 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, AZZ presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.80.

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.