AZZ (NYSE:AZZ) Releases FY 2026 Earnings Guidance

Key Points

• AZZ has updated its FY 2026 earnings guidance, projecting EPS of 5.750-6.250, compared to a consensus estimate of 6.030, and expects revenue between $1.6 billion and $1.7 billion, slightly below the consensus estimate of $1.7 billion.
• The company announced a quarterly dividend of $0.20 per share, with a yield of 0.8%, scheduled for payment on November 6th.
• Insider selling activity is notable, with COO Bryan Lee Stovall and another insider reducing their stock holdings significantly, indicating potential changes in investor sentiment or strategy.

AZZ (NYSE:AZZ - Get Free Report) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 5.750-6.250 for the period, compared to the consensus estimate of 6.030. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley raised their price objective on AZZ from $131.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Noble Financial reiterated an "outperform" rating on shares of AZZ in a research report on Monday, July 14th. Weiss Ratings reissued a "buy (a-)" rating on shares of AZZ in a research note on Wednesday, October 8th. Evercore ISI upped their price objective on shares of AZZ from $90.00 to $108.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Robert W. Baird raised their target price on shares of AZZ from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.43.

AZZ Stock Down 0.6%

NYSE:AZZ opened at $99.35 on Friday. The business's fifty day moving average price is $111.42 and its 200 day moving average price is $99.64. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 9.55 and a beta of 1.30. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. AZZ has a 1-year low of $70.90 and a 1-year high of $119.95.

AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.56 EPS for the quarter. The firm had revenue of $129.87 million during the quarter. AZZ had a return on equity of 15.01% and a net margin of 19.69%. On average, sell-side analysts forecast that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. AZZ's payout ratio is presently 7.69%.

Insider Buying and Selling at AZZ

In other news, COO Bryan Lee Stovall sold 5,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $111.60, for a total value of $558,000.00. Following the transaction, the chief operating officer directly owned 22,709 shares of the company's stock, valued at approximately $2,534,324.40. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kurt L. Russell sold 10,321 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $112.21, for a total value of $1,158,119.41. Following the sale, the insider owned 16,804 shares of the company's stock, valued at approximately $1,885,576.84. This represents a 38.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,837 shares of company stock worth $4,655,418. 1.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in 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 valued at $2,486,000 after buying 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. raised 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 valued at $1,462,000 after acquiring an additional 771 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of AZZ by 22.7% in the 2nd quarter. Corient Private Wealth LLC now owns 4,298 shares of the industrial products company's stock worth $406,000 after acquiring an additional 795 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in AZZ by 78.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,952 shares of the industrial products company's stock worth $184,000 after acquiring an additional 857 shares during the last quarter. 90.93% of the stock is 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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