AZZ (NYSE:AZZ) Issues FY25 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY25 earnings guidance on Monday morning. The company provided EPS guidance of $4.50-5.00 for the period, compared to the consensus EPS estimate of $4.77. The company issued revenue guidance of $1.53-1.63 billion, compared to the consensus revenue estimate of $1.58 billion.

AZZ Trading Down 8.8 %

NYSE:AZZ traded down $7.27 during trading hours on Thursday, hitting $75.16. The company had a trading volume of 210,624 shares, compared to its average volume of 167,095. AZZ has a 52 week low of $34.59 and a 52 week high of $84.52. The company has a market capitalization of $1.89 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.33. The stock has a 50-day moving average price of $75.28 and a 200 day moving average price of $61.35.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23. AZZ had a return on equity of 15.66% and a net margin of 6.61%. The company had revenue of $366.50 million during the quarter, compared to analyst estimates of $351.67 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts predict that AZZ will post 4.83 EPS for the current fiscal year.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.68 annualized dividend and a yield of 0.90%. AZZ’s dividend payout ratio is 19.83%.

Analyst Ratings Changes

AZZ has been the topic of several recent analyst reports. 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 research note on Friday, March 22nd. StockNews.com downgraded AZZ from a buy rating to a hold rating in a research note on Friday, February 9th. Finally, B. Riley raised their price target on AZZ from $67.00 to $85.00 and gave the stock a buy rating in a research note on Tuesday.

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.