AZZ (NYSE:AZZ) Announces Earnings Results

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AZZ (NYSE:AZZ) issued its quarterly earnings results on Sunday. The industrial products company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.12, MarketWatch Earnings reports. AZZ had a return on equity of 8.29% and a net margin of 1.59%. The firm had revenue of $226.10 million during the quarter, compared to the consensus estimate of $244.71 million. During the same period last year, the business posted $0.84 EPS. The business’s revenue was down 22.3% compared to the same quarter last year.

AZZ stock opened at $49.70 on Tuesday. The company has a market capitalization of $1.30 billion, a P/E ratio of 87.19 and a beta of 1.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 1.29. AZZ has a 52-week low of $19.31 and a 52-week high of $51.68. The business has a 50-day simple moving average of $46.79 and a two-hundred day simple moving average of $37.45.

AZZ has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded AZZ from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 15th. Stifel Nicolaus upgraded AZZ from a “hold” rating to a “buy” rating and raised their target price for the company from $38.00 to $50.00 in a research note on Thursday, November 19th. Sidoti downgraded AZZ from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Thursday, January 7th. Finally, ValuEngine upgraded AZZ from a “sell” rating to a “hold” rating in a research note on Wednesday, November 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. AZZ presently has a consensus rating of “Hold” and a consensus target price of $48.08.

About AZZ

AZZ Inc provides galvanizing and metal coating solutions, 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 and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, electrical, and nuclear applications.

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Earnings History for AZZ (NYSE:AZZ)

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