NYSE:AZZ

AZZ (AZZ) Stock Forecast, Price & News

$45.81

-0.41 (-0.89%)

(As of 03:08 PM ET)

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Today's Range: $45.58
▼
$46.45
50-Day Range: $43.54
▼
$49.66
52-Week Range: $30.21
▼
$50.86

Volume: 44,973 shs
Average Volume: 109,958 shs
Market Capitalization: $1.15 billion

P/E Ratio: N/A
Dividend Yield: 1.48%
Price Target: $55.25

AZZ MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 20.7% Upside
$55.25 Price Target
Short Interest: Healthy
1.06% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -3.41
Upright™ Environmental Score
News Sentiment: 0.42
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.36%
From $3.90 to $4.46 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Industrial Products Sector

127th out of 179 stocks

Coating, Engraving, & Allied Services Industry

2nd out of 2 stocks

2.4

Analyst's Opinion

Consensus Rating
AZZ has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $55.25, AZZ has a forecasted upside of 20.7% from its current price of $45.76.
Amount of Analyst Coverage
AZZ has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.06% of the float of AZZ has been sold short.
Short Interest Ratio / Days to Cover
AZZ has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AZZ has recently decreased by 3.78%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
AZZ pays a meaningful dividend of 1.48%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
AZZ does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, AZZ will have a dividend payout ratio of 15.25% next year. This indicates that AZZ will be able to sustain or increase its dividend.

0.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
AZZ has received a -53.22% net impact score from Upright. The largest negative impact of Azz in category "GHG emissions" seems to be driven mostly by its "Metal coating services", "Corrosion management services", and "Steel welding services" products. See details.
Environmental Sustainability
The Environmental Impact score for AZZ is -3.41.

1.9

News and Social Media Coverage

News Sentiment
AZZ has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for AZZ this week, compared to 4 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AZZ insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.12% of the stock of AZZ is held by insiders.
Percentage Held by Institutions
88.16% of the stock of AZZ is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for AZZ are expected to grow by 14.36% in the coming year, from $3.90 to $4.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AZZ is -22.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of AZZ is -22.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
AZZ has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About AZZ (NYSE:AZZ) Stock

AZZ Inc. provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries. It serves fabricators or manufacturers that provide services to the electrical and telecommunications, bridge and highway, petrochemical, and general industrial markets, as well as original equipment manufacturers. The AZZ Precoat Metals segment provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation, and air conditioning; container; transportation; and other end markets. The company was incorporated in 1956 and is headquartered in Fort Worth, Texas.

AZZ Price History

30 days | 90 days | 365 days | Advanced Chart

AZZ Stock News Headlines

September 29, 2023 | seekingalpha.com

AZZ: Trading At Compressed Multiples, Looks Justified On Closer Inspection

September 28, 2023 | msn.com

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September 24, 2023 | americanbankingnews.com

AZZ Inc. (NYSE:AZZ) Given Average Recommendation of "Moderate Buy" by Brokerages

September 23, 2023 | ftw.usatoday.com

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September 11, 2023 | msn.com

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September 10, 2023 | ca.finance.yahoo.com

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September 10, 2023 | news.yahoo.com

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September 5, 2023 | msn.com

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September 5, 2023 | msn.com

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September 4, 2023 | msn.com

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September 3, 2023 | msn.com

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September 1, 2023 | mirror.co.uk

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August 31, 2023 | 247wallst.com

Thursday's Top Analyst Upgrades and Downgrades: Best Buy, Carnival, Caterpillar, Foot Locker, Peloton, Texas Instruments and More

August 30, 2023 | msn.com

B. Riley Securities Initiates Coverage of AZZ (AZZ) with Buy Recommendation

See More Headlines

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AZZ Company Calendar

Last Earnings: 7/10/2023
Ex-Dividend for 7/26 Dividend: 7/11/2023
Dividend Payable: 7/26/2023
Today: 9/29/2023
Next Earnings (Confirmed): 10/10/2023
Fiscal Year End: 2/29/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Coating, engraving, & allied services
Sub-Industry: Heavy Electrical Equipment
Sector: Industrial Products
Current Symbol: NYSE:AZZ
CUSIP: 00247410
CIK: 8947
Web: www.azz.com
Phone: (817) 810-0095
Fax: 817-336-5354
Employees: 3,837
Year Founded: 1956

Price Target and Rating

Average Stock Price Forecast: $55.25
High Stock Price Forecast: $64.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +19.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.00)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 11.85
P/E Growth: N/A
Net Income: $-52,970,000.00
Net Margins: -3.22%
Pretax Margin: 7.06%
Return on Equity: 11.93%
Return on Assets: 4.45%

Debt

Debt-to-Equity Ratio: 1.19
Current Ratio: 2.27
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: $1.32 billion
Price / Sales: 0.87
Cash Flow: $7.38 per share
Price / Cash Flow: 6.26
Book Value: $34.27 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 25,010,000
Free Float: 24,483,000
Market Cap: $1.16 billion
Optionable: Optionable
Beta: 1.30

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Key Executives

Mr. Thomas E. Ferguson (Age 67)
Pres, CEO & Director
Comp: $2.08M

Mr. Philip A. Schlom (Age 59)
Sr. VP & CFO
Comp: $744.38k

Mr. Matthew Varley Emery (Age 55)
Chief Information & Human Resource Officer
Comp: $607.45k

Ms. Tara D. Mackey (Age 53)
Chief Legal Officer & Corp. Sec.
Comp: $690.91k

Mr. Bryan Lee Stovall (Age 59)
Chief Operating Officer of Metal Coatings Segment
Comp: $982.59k

Ms. Tiffany Moseley (Age 51)
VP & Chief Accounting Officer

Mr. David Nark (Age 55)
Sr. VP of Strategic Marketing, Communications & Investor Relations

Mr. Chris M. Bacius (Age 62)
VP of Corp. Devel.

Mr. Kurt Russell (Age 52)
Chief Operating Officer of Precoat Metals

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AZZ Stock - Frequently Asked Questions

Should I buy or sell AZZ stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AZZ in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AZZ shares.
View AZZ analyst ratings or view top-rated stocks.
What is AZZ's stock price forecast for 2023?: 4 brokers have issued 1 year target prices for AZZ's shares. Their AZZ share price forecasts range from $48.00 to $64.00. On average, they predict the company's stock price to reach $55.25 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
View analysts price targets for AZZ or view top-rated stocks among Wall Street analysts.
How have AZZ shares performed in 2023?: AZZ's stock was trading at $40.20 at the start of the year. Since then, AZZ stock has increased by 15.0% and is now trading at $46.22.
View the best growth stocks for 2023 here.
Are investors shorting AZZ?: AZZ saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 269,700 shares, an increase of 12.1% from the August 15th total of 240,600 shares. Based on an average daily volume of 110,100 shares, the short-interest ratio is currently 2.4 days. Currently, 1.1% of the company's shares are short sold.
View AZZ's Short Interest.
When is AZZ's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 10th 2023.
View our AZZ earnings forecast.
How can I listen to AZZ's earnings call?: AZZ will be holding an earnings conference call on Wednesday, October 11th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5906530".
How were AZZ's earnings last quarter?: AZZ Inc. (NYSE:AZZ) announced its quarterly earnings results on Monday, July, 10th. The industrial products company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by $0.02. The industrial products company had revenue of $390.87 million for the quarter, compared to analyst estimates of $396.65 million. AZZ had a negative net margin of 3.22% and a positive trailing twelve-month return on equity of 11.93%. The firm's revenue for the quarter was up 88.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 EPS.
How often does AZZ pay dividends? What is the dividend yield for AZZ?: AZZ declared a quarterly dividend on Thursday, June 29th. Investors of record on Wednesday, July 12th will be paid a dividend of $0.17 per share on Wednesday, July 26th. This represents a $0.68 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, July 11th.
Read our dividend analysis for AZZ.
What ETFs hold AZZ's stock?: ETFs with the largest weight of AZZ (NYSE:AZZ) stock in their portfolio include Gabelli Automation ETF (GAST), Ballast Small/Mid Cap ETF (MGMT) and Gabelli Love Our Planet & People ETF (LOPP).JPMorgan Active Small Cap Value ETF (JPSV).
Is AZZ a good dividend stock?: AZZ (NYSE:AZZ) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.49%.
Read our dividend analysis for AZZ.

What guidance has AZZ issued on next quarter's earnings?: AZZ updated its FY 2024 earnings guidance on Thursday, July, 13th. The company provided earnings per share guidance of $3.85-$4.35 for the period, compared to the consensus earnings per share estimate of $3.96. The company issued revenue guidance of $1.40 billion-$1.55 billion, compared to the consensus revenue estimate of $1.52 billion.
What is Tom Ferguson's approval rating as AZZ's CEO?: 30 employees have rated AZZ Chief Executive Officer Tom Ferguson on Glassdoor.com. Tom Ferguson has an approval rating of 41% among the company's employees. This puts Tom Ferguson in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of AZZ own?: Based on aggregate information from My MarketBeat watchlists, some companies that other AZZ investors own include AbbVie (ABBV), Energy Transfer (ET), Waddell & Reed Financial (WDR), Akamai Technologies (AKAM), AngloGold Ashanti (AU), Bausch Health Companies (BHC), Freeport-McMoRan (FCX), F5 (FFIV), Las Vegas Sands (LVS) and Neurocrine Biosciences (NBIX).
What is AZZ's stock symbol?: AZZ trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZZ."
How do I buy shares of AZZ?: Shares of AZZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is AZZ's stock price today?: One share of AZZ stock can currently be purchased for approximately $46.22.
How much money does AZZ make?: AZZ (NYSE:AZZ) has a market capitalization of $1.16 billion and generates $1.32 billion in revenue each year. The industrial products company earns $-52,970,000.00 in net income (profit) each year or ($2.00) on an earnings per share basis.
How many employees does AZZ have?: The company employs 3,837 workers across the globe.
Does AZZ have any subsidiaries?: The following companies are subsidiares of AZZ: AAA Galvanizing – Chelsea LLC, AAA Galvanizing – Dixon Inc., AAA Galvanizing – Hamilton LLC, AAA Galvanizing – Joliet Inc., AAA Galvanizing – Peoria Inc., AAA Galvanizing – Winsted Inc., AZZ Acquisition Sub LLC, AZZ Bus System Services LLC, AZZ Canada Limited, AZZ Electrical Holding B.V., AZZ Enclosure Systems LLC, AZZ Enclosure Systems – Chattanooga LLC, AZZ Galvanizing - Bristol LLC, AZZ Galvanizing Calgary Ltd., AZZ Galvanizing Canada Limited, AZZ Galvanizing Co. Ltd., AZZ Galvanizing Edmonton Ltd., AZZ Galvanizing Saskatchewan Ltd., AZZ Galvanizing Saskatoon Ltd., AZZ Galvanizing and Plating – Milwaukee LLC, AZZ Galvanizing – Big Spring LLC, AZZ Galvanizing – Chattanooga LLC, AZZ Galvanizing – Kennedale LLC, AZZ Galvanizing – Louisiana LLC, AZZ Galvanizing – Morgan City LLC, AZZ Galvanizing – Nashville, AZZ Galvanizing – Nebraska LLC, AZZ Galvanizing – Reno LLC, AZZ Galvanizing – Rockford LLC, AZZ Galvanizing – San Antonio LLC, AZZ Galvanizing – South Carolina LLC, AZZ Group LLC, AZZ Holding B.V., AZZ Holdings LLC, AZZ International Holdings LLC, AZZ Specialty Repair and Overhaul LLC, AZZ Specialty Welding Services India Private Limited, AZZ Specialty Welding Services Singapore Ltd., AZZ Surface Technologies LLC, AZZ Surface Technologies – Crowley LLC, AZZ Surface Technologies – Gainesville LLC, AZZ Surface Technologies – Garland North LLC, AZZ Surface Technologies – Garland South LLC, AZZ Surface Technologies – Rowlett LLC, AZZ Surface Technologies – Tampa LLC, AZZ Surface Technologies – Terrell LLC, AZZ Trading LLC, AZZ Trading Shanghai Co. Ltd, AZZ WSI B.V., AZZ WSI Canada ULC, AZZ WSI Holding B.V., AZZ WSI LLC, AZZ WSI Poland SP. z.o.o., AZZ WSI do Brasil Ltda., Acme Galvanizing, Aquilex Specialty Repair and Overhaul, Arbor-Crowley LLC, Arizona Galvanizing Inc., ArkGalv LLC, Atkinson Industries Inc., Automatic Processing Incorporated, Aztec Industries Inc., Aztec Manufacturing LLC, Aztec Manufacturing – Waskom LLC, Benning Power Electronics Inc., CGIT Jiangsu High Voltage Power Co. Ltd, CGIT Systems, CGIT Systems Inc., Carter & Crawley, Carter and Crawley LLC, Central Electric Co., Central Electric Company, Central Electric Manufacturing Company, DAAM Galvanizing Co. Ltd, Daam Galvanizing Ltd, Electrical Power Systems LLC, Gulf Coast Galvanizing LLC, International Galvanizers LLC, K2 Partners Inc, NAGALV-Ohio Inc., NAGALV-WV Inc., North American Galvanizing & Coatings, North American Galvanizing & Coatings Inc., North American Galvanizing Company LLC, Nuclear Logisitics, Powergrid Solutions LLC, Precoat Metals, Rig-A-Lite LLC, Rogers Galvanizing Company – Kansas City, Steel Creek Galvanizing, The Calvert Company Inc., U.S. Galvanizing, V&S Pilot Galvanizing, Westside Galvanizing Services, Witt Galvanizing, Witt Galvanizing – Cincinnati LLC, Witt Galvanizing – Muncie LLC, Witt Galvanizing – Plymouth LLC, and Zalk Steel & Supply Co..
Read More
How can I contact AZZ?: AZZ's mailing address is ONE MUSEUM PLACE SUITE 500 3100 W 7TH STREET, FORT WORTH TX, 76107. The official website for the company is www.azz.com. The industrial products company can be reached via phone at (817) 810-0095, via email at davidnark@azz.com, or via fax at 817-336-5354.

This page (NYSE:AZZ) was last updated on 9/29/2023 by MarketBeat.com Staff

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