Analysts Anticipate AZZ Inc (AZZ) to Announce $0.62 Earnings Per Share

Shares of AZZ Inc (NYSE:AZZ) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus price target of $52.00 for the company and are predicting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 112 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of AZZ from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of AZZ by 0.9% during the second quarter. Vanguard Group Inc. now owns 2,307,219 shares of the industrial products company’s stock worth $128,743,000 after purchasing an additional 20,239 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of AZZ by 11.5% during the third quarter. Neuberger Berman Group LLC now owns 2,053,087 shares of the industrial products company’s stock worth $99,985,000 after acquiring an additional 211,222 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of AZZ by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,029,118 shares of the industrial products company’s stock worth $50,119,000 after acquiring an additional 21,810 shares during the period. Van Berkom & Associates Inc. raised its holdings in shares of AZZ by 5.3% during the third quarter. Van Berkom & Associates Inc. now owns 1,022,817 shares of the industrial products company’s stock worth $49,811,000 after acquiring an additional 51,485 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of AZZ by 3.4% during the third quarter. Victory Capital Management Inc. now owns 849,304 shares of the industrial products company’s stock worth $41,361,000 after acquiring an additional 27,836 shares during the period. 87.75% of the stock is currently owned by institutional investors.

AZZ (AZZ) opened at $45.00 on Friday. AZZ has a 52 week low of $43.17 and a 52 week high of $61.55. The stock has a market cap of $1,181.24 and a P/E ratio of 22.84. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.53.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. AZZ’s dividend payout ratio is 34.52%.

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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.

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