AZZ Inc. (AZZ) Declares Quarterly Dividend of $0.14
AZZ (NYSE:AZZ) declared a quarterly dividend on Friday, January 17th, American Banking & Market News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.14 per share on Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.36%.
AZZ has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of AZZ from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $38.30 price target on the stock.
AZZ (NYSE:AZZ) opened at 41.17 on Friday. AZZ has a one year low of $34.61 and a one year high of $49.64. The stock’s 50-day moving average is $46. and its 200-day moving average is $42.05. The company has a market cap of $1.051 billion and a P/E ratio of 16.83.
AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, January 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.15. The company had revenue of $197.80 million for the quarter, compared to the consensus estimate of $218.63 million. During the same quarter last year, the company posted $0.60 earnings per share. AZZ’s revenue was up 32.1% compared to the same quarter last year. Analysts expect that AZZ will post $2.23 EPS for the current fiscal year.
AZZ incorporated is an electrical equipment and components manufacturer, serving the global markets of power generation, transmission and distribution, and the general industrial markets, and a provider of hot dip galvanizing services to the North American steel fabrication market.
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