AZZ (NYSE:AZZ) Announces Quarterly 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 firm had revenue of $403.65 million during the quarter, compared to analysts’ expectations of $394.30 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. 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 AZZ stock traded down $0.23 during mid-day trading on Tuesday, reaching $84.87. 396,422 shares of the stock traded hands, compared to its average volume of 230,743. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average of $86.87 and a 200 day moving average of $81.79. The stock has a market capitalization of $2.54 billion, a PE ratio of 66.31, a PEG ratio of 1.33 and a beta of 1.30. AZZ has a fifty-two week low of $55.78 and a fifty-two week high of $97.98.

Analysts Set New Price Targets

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