AZZ (NYSE:AZZ) Issues FY 2026 Earnings Guidance

AZZ (NYSE:AZZ - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.750-6.250 for the period, compared to the consensus estimate of 5.880. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

AZZ Stock Down 0.3%

NYSE AZZ traded down $0.34 during trading hours on Friday, hitting $105.95. The company had a trading volume of 503,073 shares, compared to its average volume of 220,718. The firm's 50 day moving average is $93.00 and its 200 day moving average is $89.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.51 and a quick ratio of 1.19. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.28 and a beta of 1.24. AZZ has a fifty-two week low of $69.59 and a fifty-two week high of $113.58.

AZZ (NYSE:AZZ - Get Free Report) last announced its earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.19. The company had revenue of $421,962 billion during the quarter, compared to the consensus estimate of $435.91 million. AZZ had a return on equity of 15.54% and a net margin of 16.40%. The company's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Sell-side analysts anticipate that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, July 10th. This is an increase from AZZ's previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 0.76%. AZZ's dividend payout ratio (DPR) is currently 50.31%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen upgraded AZZ from a "hold" rating to a "buy" rating in a research note on Saturday. Evercore ISI increased their price target on shares of AZZ from $90.00 to $108.00 and gave the stock an "outperform" rating in a research report on Wednesday. Sidoti cut shares of AZZ from a "buy" rating to a "neutral" rating and set a $101.00 price target on the stock. in a research report on Monday, June 9th. Finally, Robert W. Baird increased their price target on shares of AZZ from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AZZ has a consensus rating of "Moderate Buy" and an average target price of $108.00.

Insider Transactions at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 26,889 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $85.88, for a total value of $2,309,227.32. Following the transaction, the chief executive officer owned 211,458 shares of the company's stock, valued at $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 available at this link. 1.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AZZ

Large investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in AZZ by 21.7% in the 1st 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 worth $7,030,000 after buying an additional 14,965 shares in the last quarter. Jane Street Group LLC boosted its position in 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 acquiring an additional 33,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 purchasing an additional 771 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of AZZ by 8.8% during the first quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company's stock valued at $1,055,000 after purchasing an additional 1,024 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of AZZ by 26.2% during the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company's stock valued at $519,000 after purchasing an additional 1,290 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

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.