AZZ (NYSE:AZZ) Releases Earnings Results, Beats Estimates By $0.03 EPS

AZZ (NYSE:AZZ - Get Free Report) issued its quarterly earnings results on Monday. The industrial products company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.03, Zacks reports. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The firm had revenue of $351.88 million for the quarter, compared to analysts' expectations of $367.78 million. AZZ updated its FY 2026 guidance to 5.500-6.100 EPS.

AZZ Price Performance

Shares of NYSE:AZZ traded up $0.39 on Friday, hitting $85.11. The company's stock had a trading volume of 191,980 shares, compared to its average volume of 240,109. The company has a market capitalization of $2.55 billion, a PE ratio of 57.51, a PEG ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.77 and a quick ratio of 1.26. The company has a 50-day simple moving average of $85.99 and a 200 day simple moving average of $86.36. AZZ has a 1 year low of $69.59 and a 1 year high of $99.49.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $0.68 dividend on an annualized basis and a yield of 0.80%. AZZ's dividend payout ratio is currently 42.77%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Sidoti raised shares of AZZ from a "neutral" rating to a "buy" rating and set a $101.00 price target on the stock in a research report on Wednesday, April 9th. B. Riley boosted their target price on shares of AZZ from $99.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Roth Capital raised AZZ to a "strong-buy" rating in a report on Tuesday, February 11th. Noble Financial reiterated an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Finally, Roth Mkm began coverage on AZZ in a report on Tuesday, February 11th. They set a "buy" rating and a $108.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

About AZZ

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.