Somewhat Positive News Coverage Somewhat Unlikely to Affect AZZ (AZZ) Share Price
News stories about AZZ (NYSE:AZZ) have trended somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AZZ earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.0763645341478 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ceremony will mark Callaway County milestone (newstribune.com)
- Financial Contrast: AZZ (AZZ) vs. The Competition (americanbankingnews.com)
- AZZ, Inc. – Value Analysis (NYSE:AZZ) : September 15, 2017 (finance.yahoo.com)
- Report explores the Global LED-based lamps used in explosion-proof lighting market forecast to 2022 (whatech.com)
- AZZ, Inc. breached its 50 day moving average in a Bullish Manner : AZZ-US : September 14, 2017 (finance.yahoo.com)
AZZ (NYSE:AZZ) traded up 1.69% during mid-day trading on Friday, hitting $51.05. The stock had a trading volume of 211,850 shares. AZZ has a one year low of $46.20 and a one year high of $67.70. The company has a market cap of $1.33 billion, a PE ratio of 24.90 and a beta of 1.58. The firm’s 50-day moving average price is $48.97 and its 200 day moving average price is $54.37.
AZZ (NYSE:AZZ) last posted its earnings results on Thursday, July 6th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.19). AZZ had a return on equity of 10.98% and a net margin of 6.44%. The firm had revenue of $208.60 million for the quarter, compared to analyst estimates of $225.08 million. During the same period in the previous year, the company posted $0.81 EPS. AZZ’s revenue was down 14.1% on a year-over-year basis. On average, equities research analysts anticipate that AZZ will post $2.62 EPS for the current year.
A number of research firms have commented on AZZ. Stifel Nicolaus restated a “hold” rating and set a $56.00 target price on shares of AZZ in a research note on Thursday, September 7th. BidaskClub lowered shares of AZZ from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of AZZ from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, TheStreet lowered shares of AZZ from a “b” rating to a “c+” rating in a report on Friday, July 7th.
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In other news, CFO Paul Wesley Fehlman purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were purchased at an average price of $49.31 per share, for a total transaction of $73,965.00. Following the purchase, the chief financial officer now directly owns 9,287 shares of the company’s stock, valued at approximately $457,941.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas E. Ferguson purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were purchased at an average price of $49.59 per share, for a total transaction of $247,950.00. Following the purchase, the insider now directly owns 49,037 shares in the company, valued at $2,431,744.83. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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