Shares of AZZ Inc (NYSE:AZZ) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a one year consensus price objective of $48.00 for the company and are expecting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 191 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded AZZ from a “sell” rating to a “hold” rating in a report on Monday, March 18th.
Shares of AZZ traded up $0.25 during mid-day trading on Friday, reaching $42.55. 1,419 shares of the company were exchanged, compared to its average volume of 154,952. AZZ has a 52 week low of $37.43 and a 52 week high of $56.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.30 and a quick ratio of 1.54. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.78 and a beta of 1.42.
AZZ (NYSE:AZZ) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.12). The company had revenue of $202.50 million for the quarter, compared to the consensus estimate of $223.29 million. AZZ had a return on equity of 8.67% and a net margin of 5.52%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that AZZ will post 2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.60%. AZZ’s dividend payout ratio (DPR) is presently 34.69%.
AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.
Recommended Story: Average Daily Trade Volume – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AZZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZZ and related companies with MarketBeat.com's FREE daily email newsletter.