AZZ (NYSE:AZZ) released its quarterly earnings results on Monday. The industrial products company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11, MarketWatch Earnings reports. AZZ had a return on equity of 11.47% and a net margin of 6.59%. The business had revenue of $216.50 million during the quarter, compared to analyst estimates of $217.66 million. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis.
Shares of NYSE AZZ opened at $56.03 on Wednesday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.55 and a quick ratio of 1.79. The business has a 50-day moving average of $52.90 and a two-hundred day moving average of $52.64. AZZ has a 1 year low of $32.51 and a 1 year high of $58.59.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 2nd. Shareholders of record on Tuesday, October 19th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, October 18th. AZZ’s dividend payout ratio (DPR) is 32.23%.
Separately, Zacks Investment Research lowered AZZ from a “buy” rating to a “hold” rating in a research report on Wednesday, September 15th.
AZZ Company Profile
AZZ Inc engages in the provision of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. It operates through the Metal Coatings and Infrastructure Solutions segments.
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