AZZ (NYSE:AZZ) Releases FY 2027 Earnings Guidance

AZZ (NYSE:AZZ) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.750-7.150 for the period, compared to the consensus earnings per share estimate of 6.830. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.7 billion.

AZZ Stock Down 0.1%

AZZ stock traded down $0.15 during trading hours on Wednesday, hitting $143.90. The stock had a trading volume of 398,948 shares, compared to its average volume of 216,204. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $4.32 billion, a P/E ratio of 13.70 and a beta of 1.11. AZZ has a 12-month low of $92.98 and a 12-month high of $162.20. The stock’s 50-day moving average price is $145.57 and its 200-day moving average price is $132.86.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.16. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The firm had revenue of $448.53 million for the quarter, compared to analysts’ expectations of $434.58 million. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Equities research analysts anticipate that AZZ will post 6.78 EPS for the current fiscal year.

AZZ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be paid a $0.24 dividend. This is an increase from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is presently 7.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Robert W. Baird boosted their target price on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. B. Riley Financial lifted their price target on shares of AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.00.

Institutional Investors Weigh In On AZZ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cibc World Markets Corp purchased a new stake in AZZ during the fourth quarter valued at approximately $211,000. Hancock Whitney Corp purchased a new stake in shares of AZZ in the 3rd quarter worth $229,000. PharVision Advisers LLC bought a new position in AZZ in the 3rd quarter worth $241,000. Lazard Asset Management LLC purchased a new position in AZZ during the third quarter valued at $205,000. Finally, Mackenzie Financial Corp purchased a new position in AZZ during the third quarter valued at $207,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About AZZ

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.