Brokerages Anticipate AZZ Inc (AZZ) to Announce $0.62 EPS

AZZ Inc (NYSE:AZZ) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 1-year consensus price target of $52.00 for the company and are expecting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 101 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised AZZ from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.

AZZ (NYSE:AZZ) traded up $0.30 during midday trading on Friday, hitting $42.35. The stock had a trading volume of 235,794 shares, compared to its average volume of 181,660. The company has a market cap of $1,168.26, a P/E ratio of 22.84 and a beta of 1.32. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. AZZ has a 52-week low of $41.15 and a 52-week high of $61.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, February 5th. AZZ’s dividend payout ratio (DPR) is presently 34.52%.

A number of institutional investors have recently made changes to their positions in AZZ. American Century Companies Inc. bought a new position in AZZ in the 3rd quarter valued at $17,054,000. Neuberger Berman Group LLC grew its position in AZZ by 11.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,053,087 shares of the industrial products company’s stock valued at $99,985,000 after acquiring an additional 211,222 shares during the last quarter. Van Berkom & Associates Inc. grew its position in AZZ by 5.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,022,817 shares of the industrial products company’s stock valued at $49,811,000 after acquiring an additional 51,485 shares during the last quarter. Dean Capital Management bought a new position in AZZ in the 2nd quarter valued at $2,656,000. Finally, Dimensional Fund Advisors LP grew its position in AZZ by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,007,308 shares of the industrial products company’s stock valued at $56,207,000 after acquiring an additional 45,612 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

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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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