Noble Financial Issues Pessimistic Outlook for AZZ Earnings

AZZ Inc. (NYSE:AZZ - Free Report) - Stock analysts at Noble Financial cut their Q2 2026 earnings per share estimates for shares of AZZ in a research report issued to clients and investors on Wednesday, April 23rd. Noble Financial analyst M. Reichman now expects that the industrial products company will post earnings of $1.59 per share for the quarter, down from their previous estimate of $1.61. Noble Financial 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 Q3 2026 earnings at $1.48 EPS and Q4 2026 earnings at $1.10 EPS.

AZZ (NYSE:AZZ - Get Free Report) last issued its earnings results on Monday, April 21st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.03. The company had revenue of $351.88 million for the quarter, compared to analyst estimates of $367.78 million. AZZ had a net margin of 7.94% and a return on equity of 16.99%.

A number of other brokerages also recently weighed in on AZZ. Roth Capital upgraded shares of AZZ to a "strong-buy" rating in a research report on Tuesday, February 11th. B. Riley increased their price target on shares of AZZ from $99.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Sidoti upgraded 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. Finally, Roth Mkm began coverage on shares of AZZ in a research report on Tuesday, February 11th. They issued a "buy" rating and a $108.00 price target on the stock. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AZZ presently has an average rating of "Moderate Buy" and an average price target of $100.71.

AZZ Trading Down 1.9 %

Shares of NYSE AZZ traded down $1.69 during mid-day trading on Friday, hitting $86.45. The company's stock had a trading volume of 73,747 shares, compared to its average volume of 232,385. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 58.41, a price-to-earnings-growth 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. AZZ has a one year low of $69.59 and a one year high of $99.49. The company's fifty day simple moving average is $85.55 and its 200-day simple moving average is $86.49.

AZZ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be issued a $0.17 dividend. The ex-dividend date is Thursday, April 24th. This represents a $0.68 annualized dividend and a dividend yield of 0.79%. AZZ's dividend payout ratio is currently 42.77%.

Hedge Funds Weigh In On AZZ

Several institutional investors and hedge funds have recently modified their holdings of AZZ. Barclays PLC increased its holdings in shares of AZZ by 389.1% in the third quarter. Barclays PLC now owns 51,458 shares of the industrial products company's stock valued at $4,250,000 after purchasing an additional 40,938 shares during the last quarter. Tidal Investments LLC raised its stake in AZZ by 22.4% in the 3rd quarter. Tidal Investments LLC now owns 20,073 shares of the industrial products company's stock worth $1,658,000 after purchasing an additional 3,673 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in AZZ by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 157,418 shares of the industrial products company's stock valued at $13,004,000 after purchasing an additional 10,038 shares during the period. Nordea Investment Management AB acquired a new position in shares of AZZ during the 4th quarter worth approximately $7,798,000. Finally, Oliver Luxxe Assets LLC bought a new position in shares of AZZ during the fourth quarter worth approximately $1,421,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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.