AZZ (AZZ) to Release Quarterly Earnings on Monday

AZZ (NYSE:AZZ) is scheduled to release its earnings data before the market opens on Monday, April 22nd. Analysts expect AZZ to post earnings of $0.70 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

AZZ Stock Down 0.4 %

AZZ stock opened at $77.98 on Monday. AZZ has a fifty-two week low of $34.59 and a fifty-two week high of $82.10. The business’s 50-day moving average is $73.66 and its two-hundred day moving average is $59.61. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.33 and a current ratio of 1.96. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 1.18 and a beta of 1.28.

AZZ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio is 24.55%.

Analyst Ratings Changes

A number of research firms have weighed in on AZZ. StockNews.com downgraded AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Noble Financial downgraded AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a report on Friday, March 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. State of Wyoming purchased a new stake in shares of AZZ during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC grew its position in shares of AZZ by 557.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,848 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 1,567 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of AZZ during the second quarter worth about $93,000. Captrust Financial Advisors grew its position in shares of AZZ by 31.5% during the first quarter. Captrust Financial Advisors now owns 2,431 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 583 shares in the last quarter. Finally, UBS Group AG grew its holdings in AZZ by 44.1% during the 3rd quarter. UBS Group AG now owns 3,538 shares of the industrial products company’s stock valued at $129,000 after buying an additional 1,083 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

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.