AZZ (AZZ) Projected to Post Earnings on Wednesday

AZZ (NYSE:AZZ - Get Free Report) will likely be releasing its Q1 2026 earnings data after the market closes on Wednesday, July 9th. Analysts expect AZZ to post earnings of $1.58 per share and revenue of $435.91 million for the quarter. AZZ has set its FY 2026 guidance at 5.500-6.100 EPS.

AZZ (NYSE:AZZ - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. AZZ had a net margin of 8.17% and a return on equity of 15.30%. The firm had revenue of $351.88 million during the quarter, compared to analysts' expectations of $367.78 million. On average, analysts expect AZZ to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AZZ Trading Down 0.5%

NYSE AZZ traded down $0.50 during trading hours on Thursday, reaching $99.62. The company had a trading volume of 130,235 shares, compared to its average volume of 216,863. The stock has a 50-day moving average of $90.99 and a 200 day moving average of $88.26. The stock has a market capitalization of $2.98 billion, a P/E ratio of 62.65 and a beta of 1.24. AZZ has a 1-year low of $69.59 and a 1-year high of $101.41. The company has a current ratio of 1.70, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, July 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from AZZ's previous quarterly dividend of $0.17. AZZ's dividend payout ratio is currently 42.77%.

Insider Buying and Selling

In other news, CEO Thomas E. Ferguson sold 26,889 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $85.88, for a total transaction of $2,309,227.32. Following the transaction, the chief executive officer directly owned 211,458 shares in the company, valued at approximately $18,160,013.04. This trade represents a 11.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AZZ

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in AZZ by 8.8% during the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company's stock worth $1,055,000 after purchasing an additional 1,024 shares during the period. AQR Capital Management LLC grew its holdings in AZZ by 26.2% during the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company's stock worth $519,000 after acquiring an additional 1,290 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in AZZ by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company's stock worth $1,462,000 after acquiring an additional 771 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in AZZ by 21.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company's stock valued at $7,030,000 after acquiring an additional 14,965 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of AZZ by 185.9% during the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company's stock worth $4,274,000 after purchasing an additional 33,238 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Noble Financial reaffirmed an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Sidoti cut AZZ from a "buy" rating to a "neutral" rating and set a $101.00 price objective for the company. in a research report on Monday, June 9th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.00.

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.