AZZ (NYSE:AZZ) Issues FY 2027 Earnings Guidance

AZZ (NYSE:AZZ) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.500-7.000 for the period, compared to the consensus earnings per share estimate of 6.830. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

AZZ Stock Performance

Shares of AZZ traded up $3.32 during mid-day trading on Friday, hitting $130.75. 52,167 shares of the company’s stock were exchanged, compared to its average volume of 155,245. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. AZZ has a fifty-two week low of $70.90 and a fifty-two week high of $131.55. The business’s 50 day moving average is $114.69 and its two-hundred day moving average is $110.13. The firm has a market capitalization of $3.90 billion, a P/E ratio of 12.32 and a beta of 1.13.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The firm had revenue of $425.75 million for the quarter, compared to analyst estimates of $412.97 million. During the same period last year, the firm posted $1.39 EPS. AZZ’s quarterly revenue was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts expect that AZZ will post 5.13 earnings per share for the current year.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, February 5th. AZZ’s dividend payout ratio (DPR) is 7.52%.

AZZ declared that its Board of Directors has initiated a stock buyback program on Friday, January 30th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird set a $125.00 price target on AZZ in a research report on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Wells Fargo & Company lowered their price target on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and an average target price of $117.17.

Insider Activity

In other news, CEO Thomas E. Ferguson sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the completion of the sale, the chief executive officer owned 158,182 shares in the company, valued at approximately $20,134,986.78. The trade was a 13.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tara D. Mackey sold 2,790 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $126.64, for a total transaction of $353,325.60. Following the completion of the transaction, the insider owned 25,296 shares in the company, valued at $3,203,485.44. The trade was a 9.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,358 shares of company stock worth $3,841,552 over the last ninety days. Corporate insiders own 1.77% of the company’s stock.

Institutional Trading of AZZ

Hedge funds have recently made changes to their positions in the company. Zacks Investment Management boosted its stake in shares of AZZ by 3.7% in the third quarter. Zacks Investment Management now owns 4,705 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 169 shares during the period. California State Teachers Retirement System boosted its position in AZZ by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 26,314 shares of the industrial products company’s stock valued at $2,486,000 after buying an additional 190 shares during the last quarter. Quarry LP grew its stake in shares of AZZ by 219.9% during the third quarter. Quarry LP now owns 435 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 299 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of AZZ during the second quarter worth about $30,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of AZZ by 2.2% during the third quarter. CANADA LIFE ASSURANCE Co now owns 24,968 shares of the industrial products company’s stock worth $2,721,000 after acquiring an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About AZZ

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.