AZZ (NYSE:AZZ – Get Free Report) posted its quarterly earnings results on Monday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23, Briefing.com reports. The business had revenue of $366.50 million during the quarter, compared to analyst estimates of $351.67 million. AZZ had a return on equity of 15.66% and a net margin of 6.61%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS.
AZZ Stock Up 8.5 %
NYSE:AZZ opened at $83.04 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. The stock’s fifty day moving average is $75.03 and its two-hundred day moving average is $61.20. AZZ has a 52 week low of $34.59 and a 52 week high of $83.22. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28.
AZZ Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, April 16th. AZZ’s dividend payout ratio is presently 19.83%.
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About AZZ
AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.
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