AZZ Inc. (NYSE:AZZ) is set to announce its earnings results before the market opens on Tuesday, September 27th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. AZZ has set its FY17 guidance at $3.15-3.45 EPS.
AZZ (NYSE:AZZ) last issued its earnings results on Tuesday, July 5th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.03. AZZ had a return on equity of 16.95% and a net margin of 8.50%. The company had revenue of $242.70 million for the quarter. During the same quarter in the prior year, the business posted $0.77 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect AZZ to post $3.31 EPS for the current fiscal year and $3.81 EPS for the next fiscal year.
AZZ Inc. (NYSE:AZZ) opened at 65.68 on Monday. The company has a market cap of $1.70 billion, a PE ratio of 21.89 and a beta of 1.45. AZZ Inc. has a one year low of $46.39 and a one year high of $67.98. The firm’s 50-day moving average price is $65.31 and its 200-day moving average price is $59.83.
In other news, Director Wallace P. Eisman bought 1,000 shares of the stock in a transaction on Friday, July 15th. The stock was acquired at an average price of $62.27 per share, with a total value of $62,270.00. Following the acquisition, the director now directly owns 4,641 shares in the company, valued at $288,995.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Timothy E. Pendley sold 1,200 shares of the company’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $62.02, for a total value of $74,424.00. Following the completion of the transaction, the senior vice president now directly owns 30,980 shares of the company’s stock, valued at approximately $1,921,379.60. The disclosure for this sale can be found here. 0.01% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of AZZ. Arizona State Retirement System boosted its position in shares of AZZ by 1.5% in the second quarter. Arizona State Retirement System now owns 13,416 shares of the company’s stock worth $805,000 after buying an additional 200 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in AZZ by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,434 shares of the company’s stock worth $206,000 after buying an additional 890 shares during the period. Parametric Portfolio Associates LLC raised its stake in AZZ by 11.4% in the second quarter. Parametric Portfolio Associates LLC now owns 24,748 shares of the company’s stock worth $1,484,000 after buying an additional 2,541 shares during the period. Origin Asset Management LLP raised its stake in AZZ by 1.0% in the second quarter. Origin Asset Management LLP now owns 130,375 shares of the company’s stock worth $7,820,000 after buying an additional 1,300 shares during the period. Finally, Rhumbline Advisers raised its stake in AZZ by 2.0% in the second quarter. Rhumbline Advisers now owns 38,163 shares of the company’s stock worth $2,289,000 after buying an additional 764 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.
AZZ has been the subject of a number of research analyst reports. Zacks Investment Research raised AZZ from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Thursday, July 7th. DA Davidson reissued a “hold” rating and set a $55.00 price target on shares of AZZ in a report on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $60.00.
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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