AZZ (NYSE:AZZ) Releases Quarterly Earnings Results

AZZ (NYSE:AZZ) released its earnings results on Tuesday. The industrial products company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10, Zacks reports. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The firm had revenue of $403.65 million for the quarter, compared to analysts’ expectations of $394.30 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. AZZ updated its FY25 guidance to $5.00-5.30 EPS and its FY 2025 guidance to 5.000-5.300 EPS.

AZZ Stock Down 2.1 %

AZZ stock opened at $82.97 on Thursday. The stock has a market capitalization of $2.48 billion, a PE ratio of 64.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. AZZ has a 52 week low of $55.78 and a 52 week high of $97.98. The firm has a 50 day moving average of $87.08 and a 200 day moving average of $81.84. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their target price on shares of AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AZZ currently has an average rating of “Moderate Buy” and an average target price of $96.80.

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.