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

AZZ (NYSE:AZZ) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10, Zacks reports. The business 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%. During the same quarter in the prior year, the company posted $1.19 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. 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

AZZ traded down $0.23 during trading on Tuesday, reaching $84.87. 396,422 shares of the stock were exchanged, compared to its average volume of 230,743. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.85 and a quick ratio of 1.32. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 66.31, a P/E/G ratio of 1.33 and a beta of 1.30. AZZ has a 1 year low of $55.78 and a 1 year high of $97.98. The business’s 50 day moving average price is $86.87 and its two-hundred day moving average price is $81.79.

Analyst Ratings Changes

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