News stories about AZZ (NYSE:AZZ) have been trending positive this week, AlphaOne Sentiment reports. The research group, a service of Accern, ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AZZ earned a media sentiment score of 0.49 on AlphaOne’s scale. AlphaOne also assigned news headlines about the industrial products company an impact score of 40 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the next few days.
Shares of AZZ (AZZ) traded down 1.58% on Tuesday, hitting $56.05. The stock had a trading volume of 8,299 shares. AZZ has a 52 week low of $51.20 and a 52 week high of $67.98. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 24.06 and a beta of 1.65. The firm has a 50 day moving average price of $56.25 and a 200-day moving average price of $59.08.
AZZ (NYSE:AZZ) last posted its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.17. The business had revenue of $193.80 million during the quarter, compared to analyst estimates of $215.86 million. AZZ had a return on equity of 12.68% and a net margin of 7.09%. AZZ’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Analysts anticipate that AZZ will post $2.79 EPS for the current year.
Separately, Zacks Investment Research raised AZZ from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th.
In other news, SVP Timothy E. Pendley sold 2,500 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $59.26, for a total transaction of $148,150.00. Following the completion of the sale, the senior vice president now owns 31,426 shares in the company, valued at $1,862,304.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director H Kirk Downey sold 4,088 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $57.56, for a total value of $235,305.28. Following the sale, the director now owns 9,156 shares of the company’s stock, valued at approximately $527,019.36. The disclosure for this sale can be found here. In the last three months, insiders sold 6,725 shares of company stock worth $391,552. Insiders own 0.01% of the company’s stock.
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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