AZZ (NYSE:AZZ) posted its quarterly earnings data on Monday. 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), Briefing.com reports. The business had revenue of $202.50 million during the quarter, compared to the consensus estimate of $223.29 million. AZZ had a net margin of 7.12% and a return on equity of 7.98%. AZZ’s quarterly revenue was up .9% on a year-over-year basis. AZZ updated its FY 2020 guidance to $2.25-2.75 EPS and its FY20 guidance to $2.25-2.75 EPS.
NYSE AZZ traded down $1.21 during trading on Monday, reaching $44.35. The company’s stock had a trading volume of 177,368 shares, compared to its average volume of 119,618. The company has a quick ratio of 1.97, a current ratio of 2.87 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.19 billion, a P/E ratio of 32.85 and a beta of 1.42. AZZ has a 12 month low of $37.43 and a 12 month high of $56.05.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Tuesday, April 23rd. AZZ’s dividend payout ratio is currently 50.37%.
Separately, Zacks Investment Research raised shares of AZZ from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $55.33.
TRADEMARK VIOLATION NOTICE: This news story was reported by Week Herald and is the property of of Week Herald. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://weekherald.com/2019/05/20/azz-azz-releases-quarterly-earnings-results-misses-expectations-by-0-12-eps.html.
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.
Featured Story: How to interpret the current ratio
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.