AZZ (NYSE:AZZ) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

AZZ (NYSE:AZZ) released its earnings results on Tuesday. The industrial products company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10, Zacks reports. The business had revenue of $403.65 million during the quarter, compared to analysts’ expectations of $394.30 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. AZZ updated its FY25 guidance to $5.00-5.30 EPS and its FY 2025 guidance to 5.000-5.300 EPS.

AZZ Price Performance

AZZ stock opened at $82.97 on Thursday. AZZ has a 1 year low of $55.78 and a 1 year high of $97.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85. The company’s 50 day simple moving average is $87.08 and its 200-day simple moving average is $81.84. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their target price on AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.80.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.