News headlines about AZZ (NYSE:AZZ) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. AZZ earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.332147148864 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- AZZ Inc. to Review Second Quarter Fiscal Year 2018 Financial Results on Tuesday, October 3, 2017 (finance.yahoo.com)
- AZZ (AZZ) versus Hollysys Automation Technologies (HOLI) Critical Comparison (americanbankingnews.com)
- Ceremony will mark Callaway County milestone (newstribune.com)
- Financial Contrast: AZZ (AZZ) vs. The Competition (americanbankingnews.com)
AZZ (NYSE AZZ) traded up 1.60% during trading on Friday, reaching $50.95. The company’s stock had a trading volume of 81,189 shares. The stock’s 50 day moving average is $49.00 and its 200-day moving average is $54.17. The firm has a market cap of $1.32 billion, a P/E ratio of 25.09 and a beta of 1.58. AZZ has a 52 week low of $46.20 and a 52 week high of $67.70.
AZZ (NYSE:AZZ) last released its quarterly earnings results on Thursday, July 6th. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.19). The business 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 revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. On average, equities research analysts forecast that AZZ will post $2.62 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 target price on shares of AZZ in a research note on Thursday, September 7th. Zacks Investment Research raised AZZ from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub cut AZZ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, TheStreet cut AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th.
In other AZZ news, CFO Paul Wesley Fehlman purchased 1,500 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were bought at an average price of $49.31 per share, with a total value of $73,965.00. Following the completion of the transaction, the chief financial officer now directly owns 9,287 shares in the company, valued at approximately $457,941.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas E. Ferguson purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were acquired at an average cost of $49.59 per share, for a total transaction of $247,950.00. Following the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $2,431,744.83. The disclosure for this purchase can be found here. Company insiders own 0.01% of the company’s stock.
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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