AZZ (NYSE:AZZ – Get Free Report) released its earnings results on Monday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23, Briefing.com reports. The business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $351.67 million. AZZ had a return on equity of 15.66% and a net margin of 6.61%. AZZ’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS.
AZZ Price Performance
NYSE:AZZ traded down $0.50 during trading hours on Wednesday, reaching $82.43. 167,153 shares of the company were exchanged, compared to its average volume of 165,866. The company has a market capitalization of $2.07 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.16 and a beta of 1.28. AZZ has a 1-year low of $34.59 and a 1-year high of $84.52. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.33. The business has a 50 day moving average of $75.03 and a 200 day moving average of $61.20.
AZZ Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s payout ratio is 19.83%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on AZZ
AZZ Company Profile
AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.
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