AZZ (NYSE:AZZ) Issues FY20 Earnings Guidance

AZZ (NYSE:AZZ) updated its FY20 earnings guidance on Monday. The company provided earnings per share guidance of $2.25-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.47. The company issued revenue guidance of $950 million – $1.03 billion, compared to the consensus revenue estimate of $983.16 million.AZZ also updated its FY 2020 guidance to $2.25-2.75 EPS.

Separately, Zacks Investment Research raised shares of AZZ from a hold rating to a buy rating and set a $47.00 price target on the stock in a report on Monday, June 3rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $50.33.

AZZ stock opened at $46.10 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.30. AZZ has a 52 week low of $37.43 and a 52 week high of $56.05. The firm’s fifty day simple moving average is $44.02. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 23.52 and a beta of 1.44.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Monday, May 20th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). The firm had revenue of $202.50 million during the quarter, compared to the consensus estimate of $223.29 million. AZZ had a return on equity of 8.67% and a net margin of 5.52%. AZZ’s revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that AZZ will post 2.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Monday, July 22nd will be given a $0.17 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. AZZ’s dividend payout ratio is 34.69%.

About AZZ

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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