Analysts Expect AZZ Inc (NYSE:AZZ) to Announce $0.71 EPS

Shares of AZZ Inc (NYSE:AZZ) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 1-year consensus price target of $48.00 for the company and are forecasting that the company will post $0.71 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 224 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of AZZ from a “sell” rating to a “hold” rating in a report on Monday, March 18th.

NYSE:AZZ traded up $0.82 during midday trading on Monday, reaching $46.02. 272,049 shares of the stock traded hands, compared to its average volume of 107,096. AZZ has a 12-month low of $37.43 and a 12-month high of $56.05. The firm has a 50-day moving average price of $44.25. 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 cap of $1.18 billion, a PE ratio of 23.48 and a beta of 1.44.

AZZ (NYSE:AZZ) last posted its earnings results on Monday, May 20th. The industrial products company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.12). AZZ had a net margin of 5.52% and a return on equity of 8.67%. The firm had revenue of $202.50 million for the quarter, compared to analysts’ expectations of $223.29 million. AZZ’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts forecast that AZZ will post 2.59 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of AZZ. Rhumbline Advisers grew its position in AZZ by 19.7% during the 4th quarter. Rhumbline Advisers now owns 79,202 shares of the industrial products company’s stock worth $3,197,000 after acquiring an additional 13,008 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in AZZ by 12.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 18,588 shares of the industrial products company’s stock worth $750,000 after acquiring an additional 2,031 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in AZZ during the 4th quarter worth $400,000. BlackRock Inc. grew its position in AZZ by 2.2% during the 4th quarter. BlackRock Inc. now owns 3,765,728 shares of the industrial products company’s stock worth $151,984,000 after acquiring an additional 79,431 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in AZZ by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 17,047 shares of the industrial products company’s stock worth $688,000 after acquiring an additional 671 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

About AZZ

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.

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