AZZ (NYSE:AZZ) Announces Quarterly Earnings Results

AZZ (NYSE:AZZ) issued its quarterly earnings data on Sunday. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.12, MarketWatch Earnings reports. AZZ had a return on equity of 8.29% and a net margin of 1.59%. The business had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $244.71 million. During the same period last year, the business earned $0.84 EPS. The business’s revenue was down 22.3% on a year-over-year basis.

AZZ stock traded up $0.33 during mid-day trading on Tuesday, reaching $50.03. 6,815 shares of the company traded hands, compared to its average volume of 159,859. AZZ has a 52-week low of $19.31 and a 52-week high of $51.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 0.90. The company has a market capitalization of $1.30 billion, a P/E ratio of 87.51 and a beta of 1.56. The company has a fifty day moving average price of $46.79 and a 200-day moving average price of $37.45.

AZZ has been the topic of several recent analyst reports. ValuEngine upgraded AZZ from a “sell” rating to a “hold” rating in a research note on Wednesday, November 25th. Sidoti cut AZZ from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Thursday, January 7th. Stifel Nicolaus upgraded AZZ from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $50.00 in a research note on Thursday, November 19th. Finally, Zacks Investment Research upgraded AZZ from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 15th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.08.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating solutions, 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 and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, electrical, and nuclear applications.

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Earnings History for AZZ (NYSE:AZZ)

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