Earnings results for AZZ (NYSE:AZZ)
AZZ Inc. is expected* to report earnings on 10/12/2021 before market open. The report will be for the fiscal Quarter ending Aug 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.65. The reported EPS for the same quarter last year was $0.49.
AZZ last released its earnings data on July 8th, 2021. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.26. The company had revenue of $229.80 million for the quarter, compared to analyst estimates of $223.69 million. Its revenue for the quarter was up 7.7% on a year-over-year basis. AZZ has generated $2.11 earnings per share over the last year ($2.20 diluted earnings per share) and currently has a price-to-earnings ratio of 25.0. Earnings for AZZ are expected to grow by 2.63% in the coming year, from $3.04 to $3.12 per share. AZZ has confirmed that its next quarterly earnings report will be published on Tuesday, October 12th, 2021. AZZ will be holding an earnings conference call on Tuesday, October 12th at 11:00 AM Eastern. Interested parties can register for or listen to the call. or dial in at 412-317-0088 with passcode “10160370”.
Analyst Opinion on AZZ (NYSE:AZZ)
According to the issued ratings of 2 analysts in the last year, the consensus rating for AZZ stock is Buy based on the current 1 hold rating and 1 buy rating for AZZ. The average twelve-month price target for AZZ is $50.00 with a high price target of $50.00 and a low price target of $50.00.
on AZZ’s analyst rating history
AZZ has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $50.00, AZZ has a forecasted downside of 9.0% from its current price of $54.94. AZZ has received no research coverage in the past 90 days.
Dividend Strength: AZZ (NYSE:AZZ)
AZZ pays a meaningful dividend of 1.24%, higher than the bottom 25% of all stocks that pay dividends. AZZ has only been increasing its dividend for 1 years. The dividend payout ratio of AZZ is 32.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AZZ will have a dividend payout ratio of 21.79% next year. This indicates that AZZ will be able to sustain or increase its dividend.
Insiders buying/selling: AZZ (NYSE:AZZ)
In the past three months, AZZ insiders have not sold or bought any company stock. Only 2.05% of the stock of AZZ is held by insiders. 87.60% of the stock of AZZ is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of AZZ (NYSE:AZZ
Earnings for AZZ are expected to grow by 2.63% in the coming year, from $3.04 to $3.12 per share. The P/E ratio of AZZ is 24.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.54. The P/E ratio of AZZ is 24.97, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 32.04. AZZ has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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