Noble Financial Has Strong Estimate for AZZ FY2026 Earnings

AZZ Inc. (NYSE:AZZ) – Stock analysts at Noble Financial raised their FY2026 earnings estimates for shares of AZZ in a note issued to investors on Monday, July 14th. Noble Financial analyst M. Reichman now anticipates that the industrial products company will post earnings per share of $6.00 for the year, up from their previous forecast of $5.83. Noble Financial has a “Outperform” rating on the stock. The consensus estimate for AZZ’s current full-year earnings is $5.13 per share. Noble Financial also issued estimates for AZZ’s FY2027 earnings at $6.48 EPS, FY2029 earnings at $7.02 EPS and FY2030 earnings at $7.33 EPS.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, July 9th. The industrial products company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.19. AZZ had a return on equity of 15.54% and a net margin of 16.40%. The business had revenue of $421,962 billion for the quarter, compared to analysts’ expectations of $435.91 million. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on AZZ. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI upped their price target on shares of AZZ from $90.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Robert W. Baird increased their price target on shares of AZZ from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Finally, Sidoti downgraded shares of AZZ from a “buy” rating to a “neutral” rating and set a $101.00 price objective on the stock. in a research report on Monday, June 9th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AZZ presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

AZZ Trading Down 0.5%

NYSE:AZZ opened at $106.28 on Tuesday. The company has a market capitalization of $3.19 billion, a PE ratio of 12.32 and a beta of 1.24. AZZ has a 52-week low of $69.59 and a 52-week high of $113.58. The stock’s 50 day moving average price is $93.68 and its 200 day moving average price is $89.42. The company has a quick ratio of 1.10, a current ratio of 1.51 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On AZZ

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of AZZ by 110.0% in the first quarter. Signaturefd LLC now owns 399 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 209 shares during the last quarter. GAMMA Investing LLC increased its position in AZZ by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 106 shares in the last quarter. US Bancorp DE raised its stake in AZZ by 39.0% in the 4th quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 130 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in AZZ by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 126 shares in the last quarter. Finally, Quarry LP lifted its holdings in AZZ by 2,150.0% in the 4th quarter. Quarry LP now owns 855 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 817 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity

In related news, CEO Thomas E. Ferguson sold 18,851 shares of AZZ stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $89.91, for a total transaction of $1,694,893.41. Following the completion of the transaction, the chief executive officer directly owned 192,607 shares in the company, valued at $17,317,295.37. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.77% of the stock is owned by company insiders.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, July 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.75%. This is a boost from AZZ’s previous quarterly dividend of $0.17. AZZ’s payout ratio is presently 9.27%.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.