AZZ Inc. (AZZ) Declares Quarterly Dividend of $0.14
AZZ (NYSE:AZZ) declared a quarterly dividend on Monday, April 7th, Stock Ratings Network.com reports. Shareholders of record on Monday, April 21st will be given a dividend of 0.14 per share on Monday, May 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, April 16th.
Several analysts have recently commented on the stock. Analysts at Davidson raised their price target on shares of AZZ from $50.00 to $53.00 in a research note on Monday. On the ratings front, analysts at Zacks upgraded shares of AZZ from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $45.70 price target on the stock. Finally, analysts at Zacks downgraded shares of AZZ from a “neutral” rating to an “underperform” rating in a research note on Monday, January 13th. They now have a $38.30 price target on the stock.
Shares of AZZ (NYSE:AZZ) traded down 5.21% during mid-day trading on Monday, hitting $43.32. 218,693 shares of the company’s stock traded hands. AZZ has a 52-week low of $34.61 and a 52-week high of $49.64. The stock’s 50-day moving average is $43.99 and its 200-day moving average is $44.22. The company has a market cap of $1.109 billion and a P/E ratio of 19.70.
AZZ (NYSE:AZZ) last released its earnings data on Friday, April 4th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.02. The company had revenue of $181.00 million for the quarter, compared to the consensus estimate of $191.97 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. Analysts expect that AZZ will post $2.63 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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