AZZ (NYSE:AZZ) Posts Earnings Results, Beats Expectations By $0.10 EPS

AZZ (NYSE:AZZ) posted its earnings results on Tuesday. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.10, Zacks reports. The company had revenue of $403.65 million for the quarter, compared to analyst estimates of $394.30 million. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. AZZ updated its FY25 guidance to $5.00-5.30 EPS and its FY 2025 guidance to 5.000-5.300 EPS.

AZZ Price Performance

Shares of NYSE AZZ opened at $84.87 on Wednesday. AZZ has a one year low of $55.78 and a one year high of $97.98. The firm has a fifty day moving average of $86.99 and a 200 day moving average of $81.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85. The firm has a market cap of $2.54 billion, a PE ratio of 66.31, a PEG ratio of 1.33 and a beta of 1.30.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their price target on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.80.

AZZ Company Profile

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.