AZZ (NYSE:AZZ) Releases Quarterly Earnings Results, Hits Expectations

AZZ (NYSE:AZZ) released its quarterly earnings data on Thursday. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84, Briefing.com reports. The firm had revenue of $291.10 million for the quarter, compared to analysts’ expectations of $271.31 million. AZZ had a net margin of 6.35% and a return on equity of 9.83%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. AZZ updated its FY 2020
Pre-Market guidance to 2.60-2.90 EPS and its FY20 guidance to $2.60-2.90 EPS.

AZZ stock opened at $47.04 on Friday. The firm has a fifty day moving average price of $43.51 and a 200 day moving average price of $42.57. AZZ has a fifty-two week low of $35.81 and a fifty-two week high of $50.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.81 and a current ratio of 2.55. The firm has a market cap of $1.19 billion, a PE ratio of 24.00 and a beta of 1.45.

Several research firms have recently issued reports on AZZ. ValuEngine upgraded shares of AZZ from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research cut shares of AZZ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th.

About AZZ

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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Earnings History for AZZ (NYSE:AZZ)

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