AZZ (NYSE:AZZ) Updates FY25 Earnings Guidance

AZZ (NYSE:AZZGet Free Report) updated its FY25 earnings guidance on Monday. The company provided earnings per share guidance of $4.50-5.00 for the period, compared to the consensus earnings per share estimate of $4.77. The company issued revenue guidance of $1.53-1.63 billion, compared to the consensus revenue estimate of $1.58 billion.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of AZZ from a buy rating to a hold rating in a research note on Friday, February 9th. Noble Financial cut shares of AZZ from an outperform rating to a market perform rating and set a $75.00 price target on the stock. in a research note on Friday, March 22nd.

View Our Latest Analysis on AZZ

AZZ Price Performance

Shares of NYSE AZZ opened at $74.80 on Monday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.14 and a beta of 1.28. AZZ has a 52 week low of $34.59 and a 52 week high of $82.10. The company’s 50-day moving average price is $74.61 and its 200 day moving average price is $60.70. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06.

AZZ Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AZZ. State of Wyoming purchased a new position in AZZ in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its position in AZZ by 557.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,848 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 1,567 shares in the last quarter. Quantbot Technologies LP acquired a new stake in AZZ in the second quarter valued at approximately $93,000. Captrust Financial Advisors grew its position in shares of AZZ by 31.5% during the first quarter. Captrust Financial Advisors now owns 2,431 shares of the industrial products company’s stock worth $117,000 after buying an additional 583 shares in the last quarter. Finally, UBS Group AG grew its position in shares of AZZ by 44.1% during the third quarter. UBS Group AG now owns 3,538 shares of the industrial products company’s stock worth $129,000 after buying an additional 1,083 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

AZZ Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for AZZ (NYSE:AZZ)

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