AZZ (NYSE:AZZ – Get Free Report) announced its earnings results on Tuesday. The industrial products company reported $1.39 EPS for the quarter, beating 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 firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior 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 Trading Down 0.3 %
NYSE AZZ opened at $84.87 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The stock has a market cap of $2.54 billion, a PE ratio of 66.31, a PEG ratio of 1.33 and a beta of 1.30. The company’s 50-day moving average price is $86.99 and its 200-day moving average price is $81.83. AZZ has a 12 month low of $55.78 and a 12 month high of $97.98.
Analyst Ratings Changes
Separately, Jefferies Financial Group upped their price objective on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.
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