AZZ (AZZ) to Release Quarterly Earnings on Monday

AZZ (NYSE:AZZ) is scheduled to announce its earnings results before the market opens on Monday, April 22nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

AZZ Price Performance

AZZ stock opened at $74.86 on Friday. AZZ has a one year low of $34.59 and a one year high of $82.10. The business has a fifty day moving average price of $74.61 and a 200-day moving average price of $60.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.96 and a quick ratio of 1.33. The firm has a market capitalization of $1.88 billion, a P/E ratio of 27.03, a PEG ratio of 1.15 and a beta of 1.28.

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, April 16th. AZZ’s payout ratio is currently 24.55%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AZZ shares. Noble Financial lowered AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a report on Friday, March 22nd. StockNews.com lowered AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Institutional Investors Weigh In On AZZ

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in AZZ during the first quarter valued at $240,000. Ruggaard & Associates LLC bought a new stake in AZZ during the first quarter valued at $239,000. Renaissance Technologies LLC bought a new stake in AZZ during the first quarter valued at $236,000. Stifel Financial Corp bought a new stake in AZZ during the fourth quarter valued at $218,000. Finally, Quadrature Capital Ltd bought a new stake in AZZ during the second quarter valued at $213,000. Institutional investors own 90.93% of the company’s stock.

AZZ Company Profile

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.