NYSE:AZZ

AZZ - AZZ Stock Forecast, Price & News

$37.00

-0.04 (-0.11%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: $35.88
▼
$37.07
50-Day Range: $35.80
▼
$47.33
52-Week Range: $35.58
▼
$58.59

Volume: 127,529 shs
Average Volume: 127,471 shs
Market Capitalization: $917.19 million

P/E Ratio: 10.76
Dividend Yield: 1.84%
Price Target: $54.00

AZZ MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 45.9% Upside
$54.00 Price Target
Short Interest: Healthy
1.73% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -4.65
Upright™ Environmental Score
News Sentiment: -0.02
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$212,450 Bought Last Quarter
Proj. Earnings Growth: -6.34%
From $5.52 to $5.17 Per Share

Overall MarketRank^™

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

2.29 out of 5 stars

Industrial Products Sector

104th out of 185 stocks

Electric Lighting & Wiring Equipment Industry

3rd out of 6 stocks

3.5

Analyst's Opinion

Consensus Rating
AZZ has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.00, AZZ has a forecasted upside of 45.9% from its current price of $37.00.
Amount of Analyst Coverage
AZZ has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.73% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AZZ has recently increased by 7.46%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
AZZ pays a meaningful dividend of 1.84%, 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 Coverage
The dividend payout ratio of AZZ is 19.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, AZZ will have a dividend payout ratio of 13.15% next year. This indicates that AZZ will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
AZZ has received a -99.93% 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 -4.65.

1.1

News and Social Media Coverage

News Sentiment
AZZ has a news sentiment score of -0.02. 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 0.58 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for AZZ this week, compared to 3 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AZZ insiders have bought more of their company's stock than they have sold. Specifically, they have bought $212,450.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.72% of the stock of AZZ is held by insiders.
Percentage Held by Institutions
78.92% 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 decrease by -6.34% in the coming year, from $5.52 to $5.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AZZ is 10.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of AZZ is 10.76, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.76.
Price to Book Value per Share Ratio
AZZ has a P/B Ratio of 1.37. 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. offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company operates through two segments, Infrastructure Solutions and Metal Coatings. The Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to the 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 Infrastructure Solutions segment provides products and services to support industrial and electrical applications. It offers custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, and tubular products, as well as solutions and engineering resources to multi-national companies. This segment sells its products through internal sales force, manufacturers' representatives, distributors, and agents. The company was incorporated in 1956 and is headquartered in Fort Worth, Texas.

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AZZ Stock News Headlines

September 28, 2022 | benzinga.com

AZZ Inc. to Review Second Quarter Fiscal Year 2023 Financial Results on Tuesday, October 11, 2022 - AZZ ( - Benzinga

September 28, 2022 | finance.yahoo.com

AZZ Inc. to Review Second Quarter Fiscal Year 2023 Financial Results on Tuesday, October 11, 2022

September 27, 2022 | nasdaq.com

Down 15.5% in 4 Weeks, Here's Why You Should You Buy the Dip in AZZ (AZZ) - Nasdaq

September 27, 2022 | finance.yahoo.com

Down 15.5% in 4 Weeks, Here's Why You Should You Buy the Dip in AZZ (AZZ)

September 23, 2022 | msn.com

How to Care for A Senior Pet

September 23, 2022 | msn.com

Death toll up as Iran protests escalate

September 22, 2022 | americanbankingnews.com

AZZ (NYSE:AZZ) Price Target Cut to $54.00 by Analysts at Stifel Nicolaus

September 21, 2022 | markets.businessinsider.com

Keybanc Slashes PT On This Stock By 50%, Plus This Analyst Predicts $100 For PayPal

September 20, 2022 | uk.investing.com

Keybanc Slashes PT On This Stock By 50%, Plus This Analyst Predicts $100 For PayPal By Benzinga - Investing.com UK

September 15, 2022 | benzinga.com

AZZ (NYSE:AZZ), Carlyle Group (NASDAQ:CG) – Veritas Capital to Acquire Sequa from Carlyle - Benzinga

September 12, 2022 | forbes.com

Is There More Upside For Johnson Controls Stock? - Forbes

September 10, 2022 | fightingirishwire.usatoday.com

How Twitter reacted to Notre Dame-Marshall: Thundering Herd side - Fighting Irish Wire

September 9, 2022 | msn.com

Why Are Our Energy Bills Skyrocketing?

September 8, 2022 | nasdaq.com

These 4 Measures Indicate That AZZ (NYSE:AZZ) Is Using Debt Extensively - Nasdaq

September 5, 2022 | finance.yahoo.com

With 81% ownership of the shares, AZZ Inc. (NYSE:AZZ) is heavily dominated by institutional owners

August 31, 2022 | seekingalpha.com

AZZ Inc.: Transformation Misjudged By The Market, Creating +50% Upside

August 22, 2022 | nasdaq.com

Top Buys by Top Brass: CEO Ferguson's $212.4K Bet on AZZ - Nasdaq

August 22, 2022 | finance.yahoo.com

A AZZ Inc. (NYSE:AZZ) insider increased their holdings by 3.0% last year

August 18, 2022 | benzinga.com

AZZ Inc. to Present at the 13th Annual Midwest IDEAS Conference on August 25, 2022 - Benzinga

August 18, 2022 | finance.yahoo.com

AZZ Inc. to Present at the 13th Annual Midwest IDEAS Conference on August 25, 2022

August 13, 2022 | nasdaq.com

Insiders who bought AZZ Inc. (NYSE:AZZ) last year must be regretting not buying more as market cap hits US$1.2b - Nasdaq

August 5, 2022 | benzinga.com

AZZ Inc. to Present at Jefferies Industrial Conference on August 9, 2022 - Benzinga

August 2, 2022 | nasdaq.com

Eaton (ETN) Beats Q2 Earnings Estimates, Ups 2022 EPS View - Nasdaq

July 26, 2022 | nasdaq.com

Validea Peter Lynch Strategy Daily Upgrade Report - 7/26/2022 - Nasdaq

July 19, 2022 | bloomberg.com

Carlyle Is Said to Explore $2 Billion Sale of Sequa Business - Bloomberg

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AZZ Company Calendar

Last Earnings: 7/11/2022
Ex-Dividend for 8/2 Dividend: 7/18/2022
Dividend Payable: 8/02/2022
Today: 9/29/2022
Next Earnings (Confirmed): 10/11/2022
Fiscal Year End: 2/28/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric lighting & wiring equipment
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: 3,885
Year Founded: 1956

Price Target and Rating

Average Stock Price Forecast: $54.00
High Stock Price Forecast: $54.00
Low Stock Price Forecast: $54.00
Forecasted Upside/Downside: +45.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.44
Trailing P/E Ratio: 10.76
Forward P/E Ratio: 6.70
P/E Growth: N/A
Net Income: $84.02 million
Net Margins: 8.69%
Pretax Margin: 10.94%
Return on Equity: 14.76%
Return on Assets: 6.52%

Debt

Debt-to-Equity Ratio: 2.32
Current Ratio: 2.15
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: $902.66 million
Price / Sales: 1.02
Cash Flow: $5.39 per share
Price / Cash Flow: 6.86
Book Value: $27.03 per share
Price / Book: 1.37

Miscellaneous

Outstanding Shares: 24,789,000
Free Float: 24,363,000
Market Cap: $917.19 million
Optionable: Optionable
Beta: 1.24

Social Links

Key Executives

Mr. Thomas E. Ferguson (Age 66)
Pres, CEO & Director
Comp: $2.09M

Mr. Philip A. Schlom (Age 58)
Sr. VP & CFO
Comp: $706.97k

Ms. Tara D. Mackey (Age 52)
Chief Legal Officer & Corp. Sec.
Comp: $675.19k

Mr. Bryan Lee Stovall (Age 58)
Chief Operating Officer of Metal Coatings Segment
Comp: $686.82k

Mr. Gary L. Hill (Age 57)
Chief Operating Officer of Infrastructure Solutions
Comp: $718.45k

Mr. Matthew Varley Emery (Age 54)
Chief Information & Human Resource Officer

Mr. David Nark
Sr. VP of Strategic Marketing, Communications & Investor Relations

Mr. Chris M. Bacius (Age 61)
VP of Corp. Devel.

Mr. Ken Lavelle (Age 65)
Pres & GM of Electrical Platform

Mr. Michael Doucet (Age 48)
Sr. VP of Surface Technologies & Galvabar

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?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AZZ in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZZ shares.
View AZZ analyst ratings or view top-rated stocks.
What is AZZ's stock price forecast for 2022?: 1 Wall Street analysts have issued 12-month target prices for AZZ's shares. Their AZZ share price forecasts range from $54.00 to $54.00. On average, they predict the company's share price to reach $54.00 in the next year. This suggests a possible upside of 45.8% 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 2022?: AZZ's stock was trading at $55.29 on January 1st, 2022. Since then, AZZ shares have decreased by 33.0% and is now trading at $37.04.
View the best growth stocks for 2022 here.
When is AZZ's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 11th 2022.
View our AZZ earnings forecast.
How were AZZ's earnings last quarter?: AZZ Inc. (NYSE:AZZ) released its earnings results on Monday, July, 11th. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.37. The industrial products company had revenue of $314.40 million for the quarter, compared to analyst estimates of $286.92 million. AZZ had a trailing twelve-month return on equity of 14.76% and a net margin of 8.69%. The company's revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS.
How often does AZZ pay dividends? What is the dividend yield for AZZ?: AZZ declared a quarterly dividend on Thursday, June 30th. Investors of record on Tuesday, July 19th will be given a dividend of $0.17 per share on Tuesday, August 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, July 18th.
Read our dividend analysis for AZZ.
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 1.90%. The dividend payout ratio is 19.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AZZ will have a dividend payout ratio of 13.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AZZ.
What guidance has AZZ issued on next quarter's earnings?: AZZ issued an update on its second quarter 2023 earnings guidance on Monday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $485.00 million-$510.00 million, compared to the consensus revenue estimate of $296.62 million.

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 $37.04.
How much money does AZZ make?: AZZ (NYSE:AZZ) has a market capitalization of $918.22 million and generates $902.66 million in revenue each year. The industrial products company earns $84.02 million in net income (profit) each year or $3.44 on an earnings per share basis.
How many employees does AZZ have?: The company employs 3,885 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 or via fax at 817-336-5354.

This page (NYSE:AZZ) was last updated on 9/30/2022 by MarketBeat.com Staff

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AZZ - AZZ Stock Forecast, Price & News

AZZ MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month