Somewhat Negative News Coverage Somewhat Unlikely to Impact AZZ (AZZ) Share Price
News headlines about AZZ (NYSE:AZZ) have been trending somewhat negative on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AZZ earned a news sentiment score of -0.04 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 48.7604007843877 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts have commented on the company. Stifel Nicolaus lowered their price target on AZZ from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, July 7th. BidaskClub lowered AZZ from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered AZZ from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, TheStreet lowered AZZ from a “b” rating to a “c+” rating in a research report on Friday, July 7th.
AZZ (NYSE AZZ) traded down 0.11% on Wednesday, reaching $46.80. The company’s stock had a trading volume of 132,677 shares. The company has a market capitalization of $1.21 billion, a PE ratio of 23.76 and a beta of 1.52. The firm has a 50-day moving average of $48.53 and a 200-day moving average of $53.13. AZZ has a one year low of $44.80 and a one year high of $67.70.
AZZ (NYSE:AZZ) last announced its earnings results on Tuesday, October 3rd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). AZZ had a net margin of 6.27% and a return on equity of 9.65%. The business had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $193.70 million. During the same quarter last year, the firm earned $0.55 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts predict that AZZ will post $1.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. AZZ’s dividend payout ratio (DPR) is presently 34.52%.
AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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