AZZ (NYSE:AZZ) Issues FY 2026 Earnings Guidance

Key Points

• AZZ updated its FY 2026 earnings guidance, projecting earnings per share between 5.750 and 6.250, which is below the consensus estimate of 6.013.
• The company announced a quarterly dividend increase to $0.20, up from the previous $0.17, offering an annual yield of 0.7%
• Wall Street analysts' ratings vary with two giving a "Strong Buy" rating, while the average consensus price target for AZZ is $112.29.

AZZ (NYSE:AZZ - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 5.750-6.250 for the period, compared to the consensus earnings per share estimate of 6.013. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

AZZ Stock Performance

Shares of AZZ opened at $116.21 on Thursday. AZZ has a 52 week low of $70.90 and a 52 week high of $117.35. The company has a market capitalization of $3.49 billion, a PE ratio of 13.47 and a beta of 1.30. The company's 50 day moving average price is $106.20 and its 200 day moving average price is $94.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.51.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 9th. The industrial products company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.19. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The firm had revenue of $421,962 billion for the quarter, compared to analyst estimates of $435.91 million. During the same quarter in the prior year, the firm earned $1.46 EPS. The company's revenue was up 2.1% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts expect that AZZ will post 5.13 EPS for the current fiscal year.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, July 10th. This is a boost from AZZ's previous quarterly dividend of $0.17. AZZ's dividend payout ratio is 9.27%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AZZ. Robert W. Baird raised their price objective on shares of AZZ from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Sidoti cut shares of AZZ from a "buy" rating to a "neutral" rating and set a $101.00 price target for the company. in a research report on Monday, June 9th. Noble Financial reaffirmed an "outperform" rating on shares of AZZ in a report on Monday, July 14th. Evercore ISI upped their target price on shares of AZZ from $90.00 to $108.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company upgraded AZZ to a "strong-buy" rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.29.

Insiders Place Their Bets

In other AZZ news, insider Kurt L. Russell sold 10,321 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $112.21, for a total transaction of $1,158,119.41. Following the completion of the transaction, the insider owned 16,804 shares of the company's stock, valued at $1,885,576.84. This represents a 38.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas E. Ferguson sold 26,516 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $110.85, for a total transaction of $2,939,298.60. Following the completion of the transaction, the chief executive officer directly owned 183,182 shares of the company's stock, valued at $20,305,724.70. This trade represents a 12.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,837 shares of company stock worth $5,195,318 over the last 90 days. Corporate insiders own 1.77% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AZZ. California State Teachers Retirement System increased its position in shares of AZZ by 0.7% in the second quarter. California State Teachers Retirement System now owns 26,314 shares of the industrial products company's stock worth $2,486,000 after acquiring an additional 190 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of AZZ in the second quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AZZ by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company's stock valued at $1,462,000 after buying an additional 771 shares during the period. Corient Private Wealth LLC lifted its position in AZZ by 22.7% during the 2nd quarter. Corient Private Wealth LLC now owns 4,298 shares of the industrial products company's stock worth $406,000 after buying an additional 795 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of AZZ by 78.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,952 shares of the industrial products company's stock valued at $184,000 after acquiring an additional 857 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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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