AZZ Inc. Announces Quarterly Dividend of $0.14 (AZZ)
AZZ (NYSE:AZZ) announced a quarterly dividend on Monday, June 30th, American Banking News reports. Investors of record on Friday, July 11th will be paid a dividend of 0.14 per share on Friday, July 25th. This represents a $0.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, July 9th.
On the ratings front, analysts at Davidson raised their price target on shares of AZZ from $50.00 to $53.00 in a research note on Monday, April 7th.
AZZ (NYSE:AZZ) traded up 1.99% on Monday, hitting $46.08. The stock had a trading volume of 237,365 shares. AZZ has a 52-week low of $34.61 and a 52-week high of $49.64. The stock has a 50-day moving average of $44.15 and a 200-day moving average of $44.10. The company has a market cap of $1.186 billion and a P/E ratio of 19.39.
AZZ (NYSE:AZZ) last issued its quarterly earnings data on Friday, June 27th. The company reported $0.52 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $216.10 million for the quarter, compared to the consensus estimate of $191.37 million. During the same quarter last year, the company posted $0.57 earnings per share. AZZ’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that AZZ will post $2.64 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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