AZZ (NYSE:AZZ) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

AZZ (NYSE:AZZ) announced its earnings results on Wednesday. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.16, FiscalAI reports. The business had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. AZZ had a net margin of 19.23% and a return on equity of 14.47%. AZZ updated its FY 2027 guidance to 6.750-7.150 EPS.

AZZ Price Performance

AZZ traded down $0.15 during midday trading on Wednesday, reaching $143.90. 408,367 shares of the company’s stock were exchanged, 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 stock has a market capitalization of $4.32 billion, a PE ratio of 13.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21. The business’s 50-day moving average price is $145.57 and its 200 day moving average price is $132.86.

AZZ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.24 per share. This is a boost from AZZ’s previous quarterly dividend of $0.20. 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%. AZZ’s dividend payout ratio is presently 7.62%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On AZZ

A number of large investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. purchased a new stake in AZZ during the second quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in AZZ during the fourth quarter worth about $38,000. Quarry LP raised its holdings in shares of AZZ by 219.9% in the 3rd quarter. Quarry LP now owns 435 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 299 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of AZZ in the 4th quarter worth about $54,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of AZZ by 1,145.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 859 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

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.