AZZ (NYSE:AZZ) Issues FY 2027 Earnings Guidance

AZZ (NYSE:AZZ) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.750-7.150 for the period, compared to the consensus estimate of 6.830. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.7 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird boosted their price target on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and set a $152.00 price target on shares of AZZ in a research note on Monday, April 27th. Finally, B. Riley Financial increased their price target on shares of AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and an average price target of $152.00.

AZZ Stock Down 0.1%

Shares of AZZ stock traded down $0.15 during trading on Wednesday, reaching $143.90. 408,367 shares of the company traded hands, compared to its average volume of 217,342. AZZ has a 1-year low of $92.98 and a 1-year high of $162.20. The firm has a market capitalization of $4.32 billion, a PE ratio of 13.70 and a beta of 1.11. The company has a 50 day moving average price of $145.57 and a 200-day moving average price of $132.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.16. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The firm had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities research analysts expect that AZZ will post 6.78 earnings per share for the current fiscal year.

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.7%. This is a positive change from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio is 7.62%.

Hedge Funds Weigh In On AZZ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its stake in AZZ by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,783,663 shares of the industrial products company’s stock valued at $191,174,000 after purchasing an additional 15,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AZZ by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,182,140 shares of the industrial products company’s stock worth $126,706,000 after acquiring an additional 49,509 shares during the last quarter. Morgan Stanley increased its stake in AZZ by 7.1% in the 4th quarter. Morgan Stanley now owns 771,358 shares of the industrial products company’s stock worth $82,674,000 after buying an additional 51,463 shares during the period. Wellington Management Group LLP lifted its holdings in AZZ by 93.2% during the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after buying an additional 264,956 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in AZZ by 3.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 448,725 shares of the industrial products company’s stock valued at $48,094,000 after buying an additional 15,538 shares during the period. 90.93% of the stock is owned by institutional investors.

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.