AZZ (NYSE:AZZ – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.500-6.100 for the period, compared to the consensus estimate of 5.860. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.
Analyst Ratings Changes
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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.80.
Read Our Latest Analysis on AZZ
AZZ Stock Up 5.0 %
AZZ (NYSE:AZZ – Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The firm had revenue of $403.65 million during the quarter, compared to analyst estimates of $394.30 million. During the same period in the previous year, the business posted $1.19 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, research analysts forecast that AZZ will post 5.13 EPS for the current year.
AZZ Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, January 30th. This represents a $0.68 annualized dividend and a dividend yield of 0.74%. AZZ’s dividend payout ratio (DPR) is 45.95%.
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.
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