News headlines about AZZ (NYSE:AZZ) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AZZ earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.7525108174077 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of AZZ from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of AZZ from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Stifel Nicolaus reduced their target price on shares of AZZ from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, July 7th. Finally, TheStreet cut shares of AZZ from a “b” rating to a “c+” rating in a research report on Friday, July 7th.
Shares of AZZ (AZZ) remained flat at $49.50 during midday trading on Friday. 36,900 shares of the stock traded hands. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 24.37 and a beta of 1.57. The stock has a 50-day moving average price of $51.82 and a 200-day moving average price of $56.29. AZZ has a one year low of $47.63 and a one year high of $67.98.
AZZ (NYSE:AZZ) last released its quarterly earnings results on Thursday, July 6th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.19. The firm had revenue of $208.60 million for the quarter, compared to analyst estimates of $225.08 million. AZZ had a return on equity of 10.98% and a net margin of 6.44%. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. Analysts expect that AZZ will post $2.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, July 14th. AZZ’s dividend payout ratio (DPR) is presently 33.50%.
In other news, CFO Paul Wesley Fehlman bought 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was purchased at an average price of $49.31 per share, with a total value of $73,965.00. Following the purchase, the chief financial officer now owns 9,287 shares of the company’s stock, valued at approximately $457,941.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas E. Ferguson bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was purchased at an average cost of $49.59 per share, with a total value of $247,950.00. Following the purchase, the insider now directly owns 49,037 shares in the company, valued at approximately $2,431,744.83. The disclosure for this purchase can be found here. Insiders own 0.01% of the company’s stock.
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AZZ Company Profile
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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