AZZ (NYSE:AZZ) Releases FY 2027 Earnings Guidance

AZZ (NYSE:AZZGet Free Report) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.750-7.150 for the period, compared to the consensus EPS estimate of 6.830. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.7 billion.

AZZ Stock Performance

AZZ opened at $141.42 on Friday. AZZ has a 12-month low of $92.98 and a 12-month high of $162.20. The stock’s 50 day moving average price is $145.54 and its two-hundred day moving average price is $133.35. The firm has a market capitalization of $4.25 billion, a P/E ratio of 21.56 and a beta of 1.11. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.36.

AZZ (NYSE:AZZGet Free Report) last issued its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.16. AZZ had a net margin of 11.83% and a return on equity of 14.33%. The firm had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. During the same period in the prior year, the firm earned $1.78 EPS. The business’s revenue was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, equities analysts forecast that AZZ will post 6.78 earnings per share for the current year.

AZZ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.7%. This is a boost from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is currently 12.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AZZ shares. Evercore reaffirmed an “outperform” rating and issued a $152.00 target price on shares of AZZ in a report on Monday, April 27th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. B. Riley Financial raised their price target on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a report on Friday, April 24th. Robert W. Baird boosted their price objective on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.00.

Check Out Our Latest Stock Report on AZZ

Key AZZ News

Here are the key news stories impacting AZZ this week:

Institutional Investors Weigh In On AZZ

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. bought a new position in shares of AZZ during the 2nd quarter worth about $30,000. Kestra Advisory Services LLC bought a new position in AZZ in the fourth quarter worth approximately $38,000. Quarry LP grew its stake in AZZ by 219.9% in the third quarter. Quarry LP now owns 435 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 299 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of AZZ during the fourth quarter valued at approximately $54,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of AZZ by 1,145.3% during the second quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 859 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

About AZZ

(Get Free Report)

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.

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Earnings History and Estimates for AZZ (NYSE:AZZ)

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