B. Riley Analysts Increase Earnings Estimates for AZZ Inc. (NYSE:AZZ)

AZZ Inc. (NYSE:AZZFree Report) – Analysts at B. Riley increased their FY2026 earnings per share estimates for AZZ in a research report issued to clients and investors on Friday, October 11th. B. Riley analyst L. Pipes now expects that the industrial products company will post earnings per share of $5.93 for the year, up from their previous estimate of $5.59. B. Riley currently has a “Buy” rating and a $99.00 price objective on the stock. The consensus estimate for AZZ’s current full-year earnings is $4.95 per share.

A number of other equities research analysts have also weighed in on the company. Baird R W raised AZZ to a “hold” rating in a report on Tuesday, July 23rd. Wolfe Research initiated coverage on AZZ in a report on Wednesday, July 31st. They set a “peer perform” rating on the stock. Finally, Robert W. Baird started coverage on AZZ in a research report on Tuesday, July 23rd. They issued a “neutral” rating and a $90.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, AZZ has an average rating of “Moderate Buy” and an average target price of $95.80.

Get Our Latest Stock Report on AZZ

AZZ Trading Up 0.8 %

NYSE:AZZ opened at $77.88 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $78.87 and its 200-day simple moving average is $78.78. AZZ has a 12-month low of $44.83 and a 12-month high of $88.67. The firm has a market cap of $2.32 billion, a P/E ratio of 72.79, a PEG ratio of 1.18 and a beta of 1.23.

AZZ (NYSE:AZZGet Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. AZZ had a net margin of 7.63% and a return on equity of 18.19%. The company had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same period in the previous year, the business posted $1.27 earnings per share. AZZ’s quarterly revenue was up 2.6% on a year-over-year basis.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, October 18th. AZZ’s dividend payout ratio is presently 63.55%.

Insiders Place Their Bets

In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of AZZ stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $84.79, for a total value of $1,233,270.55. Following the completion of the sale, the chief operating officer now owns 20,000 shares in the company, valued at $1,695,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On AZZ

Several institutional investors and hedge funds have recently added to or reduced their stakes in AZZ. Vanguard Group Inc. raised its stake in shares of AZZ by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,726,037 shares of the industrial products company’s stock valued at $210,750,000 after acquiring an additional 28,609 shares during the period. Assenagon Asset Management S.A. raised its position in AZZ by 325.3% in the second quarter. Assenagon Asset Management S.A. now owns 122,141 shares of the industrial products company’s stock valued at $9,435,000 after purchasing an additional 93,420 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of AZZ by 176.7% during the first quarter. BNP Paribas Financial Markets now owns 19,731 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 12,599 shares in the last quarter. Delphi Management Inc. MA boosted its position in shares of AZZ by 11.9% in the second quarter. Delphi Management Inc. MA now owns 23,685 shares of the industrial products company’s stock worth $1,830,000 after buying an additional 2,521 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of AZZ by 8.7% in the second quarter. Rhumbline Advisers now owns 85,547 shares of the industrial products company’s stock valued at $6,608,000 after buying an additional 6,847 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

AZZ Company Profile

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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.

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Earnings History and Estimates for AZZ (NYSE:AZZ)

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