AZZ (NYSE:AZZ) Issues FY 2027 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.500-7.000 for the period, compared to the consensus EPS estimate of 6.790. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Robert W. Baird set a $125.00 price target on AZZ in a report on Friday, January 9th. Evercore reiterated an “outperform” rating and set a $137.00 price target on shares of AZZ in a report on Wednesday, March 4th. Wells Fargo & Company downgraded shares of AZZ from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. Finally, Noble Financial restated an “outperform” rating on shares of AZZ in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.00.

AZZ Price Performance

Shares of NYSE:AZZ traded down $1.75 during midday trading on Wednesday, reaching $134.73. The company’s stock had a trading volume of 361,497 shares, compared to its average volume of 179,199. The business’s fifty day simple moving average is $130.48 and its 200-day simple moving average is $116.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21. The company has a market capitalization of $4.02 billion, a P/E ratio of 12.66 and a beta of 1.15. AZZ has a fifty-two week low of $80.79 and a fifty-two week high of $141.18.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The company had revenue of $385.10 million during the quarter, compared to analyst estimates of $382.24 million. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. As a group, equities research analysts expect that AZZ will post 6.04 EPS for the current fiscal year.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. AZZ’s payout ratio is presently 7.52%.

AZZ declared that its board has authorized a share repurchase program on Friday, January 30th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Thomas E. Ferguson sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the completion of the sale, the chief executive officer directly owned 158,182 shares in the company, valued at $20,134,986.78. This represents a 13.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tara D. Mackey sold 2,923 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total value of $397,528.00. Following the completion of the transaction, the insider owned 22,373 shares of the company’s stock, valued at $3,042,728. This represents a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On AZZ

A number of hedge funds have recently added to or reduced their stakes in AZZ. Price T Rowe Associates Inc. MD grew its stake in AZZ by 861.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock valued at $33,814,000 after acquiring an additional 282,676 shares during the period. Wellington Management Group LLP grew its stake in AZZ by 93.2% in the fourth quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after acquiring an additional 264,956 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in AZZ by 131.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock valued at $32,063,000 after acquiring an additional 169,772 shares during the period. Invesco Ltd. boosted its position in shares of AZZ by 103.5% during the third quarter. Invesco Ltd. now owns 276,990 shares of the industrial products company’s stock valued at $30,228,000 after buying an additional 140,877 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new position in shares of AZZ during the fourth quarter valued at approximately $11,200,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

About AZZ

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.