What is Noble Financial's Estimate for AZZ FY2026 Earnings?

AZZ Inc. (NYSE:AZZ - Free Report) - Noble Financial lifted their FY2026 earnings estimates for shares of AZZ in a research note issued on Monday, July 14th. Noble Financial analyst M. Reichman now anticipates that the industrial products company will post earnings of $6.00 per share for the year, up from their prior forecast of $5.83. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for AZZ's current full-year earnings is $5.13 per share. Noble Financial also issued estimates for AZZ's FY2027 earnings at $6.48 EPS, FY2029 earnings at $7.02 EPS and FY2030 earnings at $7.33 EPS.

Other analysts have also issued research reports about the company. Sidoti lowered AZZ from a "buy" rating to a "neutral" rating and set a $101.00 price target for the company. in a research note on Monday, June 9th. Robert W. Baird raised their price objective on shares of AZZ from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Evercore ISI upped their target price on shares of AZZ from $90.00 to $108.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised AZZ from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $108.00.

AZZ Trading Up 1.9%

NYSE:AZZ traded up $2.10 during trading hours on Tuesday, reaching $111.79. The company's stock had a trading volume of 460,990 shares, compared to its average volume of 223,205. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.51. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 12.95 and a beta of 1.24. The firm has a 50-day simple moving average of $94.10 and a 200-day simple moving average of $89.56. AZZ has a 1 year low of $69.59 and a 1 year 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 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 business had revenue of $421,962 billion for the quarter, compared to the consensus estimate of $435.91 million. During the same period last year, the firm posted $1.46 earnings per share. AZZ's quarterly revenue was up 2.1% on a year-over-year basis.

Hedge Funds Weigh In On AZZ

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its position in AZZ by 554.6% during the fourth quarter. Bank of America Corp DE now owns 251,823 shares of the industrial products company's stock valued at $20,629,000 after acquiring an additional 213,355 shares during the last quarter. Wellington Management Group LLP grew its holdings in AZZ by 19.2% during the 4th quarter. Wellington Management Group LLP now owns 882,308 shares of the industrial products company's stock valued at $72,279,000 after purchasing an additional 142,215 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in AZZ in the 4th quarter worth about $10,612,000. T. Rowe Price Investment Management Inc. raised its position in AZZ by 4.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,729,287 shares of the industrial products company's stock worth $223,584,000 after purchasing an additional 124,392 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in AZZ by 19.4% in the first quarter. Westwood Holdings Group Inc. now owns 650,072 shares of the industrial products company's stock worth $54,353,000 after purchasing an additional 105,723 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other AZZ news, CEO Thomas E. Ferguson sold 18,851 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $89.91, for a total value of $1,694,893.41. Following the sale, the chief executive officer owned 192,607 shares in the company, valued at $17,317,295.37. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.77% of the stock is currently owned by insiders.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.20 per share. This is a positive change from AZZ's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, July 10th. AZZ's dividend payout ratio (DPR) is 9.27%.

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.