AZZ Inc. (AZZ) Set to Announce Quarterly Earnings on Tuesday
AZZ Inc. (NYSE:AZZ) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 3rd. Analysts expect the company to announce earnings of $0.57 per share for the quarter.
AZZ (NYSE:AZZ) last released its earnings results on Thursday, July 6th. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.19). AZZ had a return on equity of 10.98% and a net margin of 6.44%. The business had revenue of $208.60 million for the quarter, compared to analyst estimates of $225.08 million. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. On average, analysts expect AZZ to post $2.62 EPS for the current fiscal year and $3.07 EPS for the next fiscal year.
Shares of AZZ Inc. (NYSE:AZZ) opened at 47.20 on Tuesday. The company’s 50-day moving average price is $49.00 and its 200 day moving average price is $54.17. The firm has a market cap of $1.23 billion, a PE ratio of 23.24 and a beta of 1.58. AZZ Inc. has a 1-year low of $44.80 and a 1-year high of $67.70.
In other AZZ news, CFO Paul Wesley Fehlman purchased 1,500 shares of the stock in a transaction on Tuesday, July 11th. The stock was acquired at an average price of $49.31 per share, with a total value of $73,965.00. Following the transaction, the chief financial officer now directly owns 9,287 shares of the company’s stock, valued at approximately $457,941.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Ferguson purchased 5,000 shares of the stock in a transaction on Tuesday, July 11th. The shares were acquired at an average cost of $49.59 per share, with a total value of $247,950.00. Following the transaction, the insider now directly owns 49,037 shares in the company, valued at $2,431,744.83. The disclosure for this purchase can be found here. Corporate insiders own 0.01% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research raised AZZ from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. 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. Finally, TheStreet lowered AZZ from a “b” rating to a “c+” rating in a research report on Friday, July 7th.
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.
Receive News & Ratings for AZZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZZ Inc. and related companies with MarketBeat.com's FREE daily email newsletter.