AZZ (NYSE:AZZ) Releases FY25 Earnings Guidance

AZZ (NYSE:AZZ) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.70-5.10 for the period, compared to the consensus earnings per share estimate of $4.94. The company issued revenue guidance of $1.525-1.625 billion, compared to the consensus revenue estimate of $1.60 billion. AZZ also updated its FY 2025 guidance to 4.700-5.100 EPS.

AZZ Stock Performance

Shares of AZZ stock opened at $77.35 on Friday. The firm has a 50 day moving average of $78.80 and a 200-day moving average of $78.74. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 72.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. AZZ has a 52 week low of $44.83 and a 52 week high of $88.67.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. AZZ had a return on equity of 17.08% and a net margin of 7.22%. The business had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same quarter in the prior year, the company earned $1.27 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that AZZ will post 4.93 earnings per share for the current year.

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, October 18th. AZZ’s dividend payout ratio is 63.55%.

Analysts Set New Price Targets

AZZ has been the topic of several analyst reports. Baird R W upgraded shares of AZZ to a hold rating in a report on Tuesday, July 23rd. B. Riley upped their target price on AZZ from $89.00 to $99.00 and gave the company a buy rating in a report on Wednesday, July 17th. Wolfe Research assumed coverage on AZZ in a report on Wednesday, July 31st. They set a peer perform rating on the stock. Evercore ISI began coverage on AZZ in a research note on Friday, June 14th. They issued an outperform rating and a $90.00 price objective for the company. Finally, Robert W. Baird assumed coverage on AZZ in a research report on Tuesday, July 23rd. They set a neutral rating and a $90.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $95.80.

Insider Activity at AZZ

In related news, insider Tara D. Mackey sold 331 shares of AZZ stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $83.50, for a total value of $27,638.50. Following the completion of the transaction, the insider now directly owns 34,229 shares in the company, valued at approximately $2,858,121.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Bryan Lee Stovall sold 14,545 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $84.79, for a total value of $1,233,270.55. Following the completion of the transaction, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,695,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tara D. Mackey sold 331 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $83.50, for a total transaction of $27,638.50. Following the sale, the insider now directly owns 34,229 shares in the company, valued at $2,858,121.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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.