AZZ (NYSE:AZZ) Releases Earnings Results, Meets Estimates

AZZ (NYSE:AZZ) issued its earnings results on Thursday. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84, Briefing.com reports. The business had revenue of $291.10 million during the quarter, compared to the consensus estimate of $271.31 million. AZZ had a return on equity of 10.79% and a net margin of 6.65%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. AZZ updated its FY 2020
Pre-Market guidance to 2.60-2.90 EPS and its FY20 guidance to $2.60-2.90 EPS.

NYSE AZZ opened at $44.23 on Friday. AZZ has a 1-year low of $35.81 and a 1-year high of $50.36. The company has a market capitalization of $1.23 billion, a P/E ratio of 22.57 and a beta of 1.45. The business has a 50 day moving average price of $43.65 and a 200 day moving average price of $42.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.81.

A number of brokerages have recently issued reports on AZZ. ValuEngine raised AZZ from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, TheStreet raised AZZ from a “c+” rating to a “b” rating in a research note on Thursday.

AZZ Company Profile

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: What does the Producer Price Index (PPI) tell investors?

Earnings History for AZZ (NYSE:AZZ)

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.