B. Riley Issues Optimistic Forecast for AZZ Earnings

AZZ Inc. (NYSE:AZZ - Free Report) - Investment analysts at B. Riley increased their Q2 2026 earnings per share estimates for AZZ in a research note issued on Wednesday, April 23rd. B. Riley analyst N. Giles now anticipates that the industrial products company will post earnings per share of $1.60 for the quarter, up from their previous estimate of $1.46. B. Riley has a "Buy" rating and a $111.00 price target on the stock. The consensus estimate for AZZ's current full-year earnings is $5.13 per share. B. Riley also issued estimates for AZZ's FY2026 earnings at $6.03 EPS, Q1 2027 earnings at $1.79 EPS, Q2 2027 earnings at $1.69 EPS, Q3 2027 earnings at $1.71 EPS, Q4 2027 earnings at $1.59 EPS and FY2027 earnings at $6.78 EPS.

A number of other analysts have also recently commented on the company. Roth Capital upgraded AZZ to a "strong-buy" rating in a research report on Tuesday, February 11th. Roth Mkm assumed coverage on shares of AZZ in a report on Tuesday, February 11th. They issued a "buy" rating and a $108.00 price target for the company. Sidoti raised shares of AZZ from a "neutral" rating to a "buy" rating and set a $101.00 price objective on the stock in a report on Wednesday, April 9th. Finally, Noble Financial reiterated an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.71.

AZZ Price Performance

Shares of NYSE:AZZ traded up $0.39 during trading on Friday, reaching $85.11. 191,980 shares of the company's stock traded hands, compared to its average volume of 240,109. The firm has a market cap of $2.55 billion, a PE ratio of 57.51, a P/E/G ratio of 1.32 and a beta of 1.22. AZZ has a fifty-two week low of $69.59 and a fifty-two week high of $99.49. The company has a quick ratio of 1.26, a current ratio of 1.77 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $85.99 and a 200-day simple moving average of $86.42.

AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.03. The firm had revenue of $351.88 million for the quarter, compared to the consensus estimate of $367.78 million. AZZ had a net margin of 7.94% and a return on equity of 16.99%.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, April 24th. AZZ's dividend payout ratio (DPR) is 42.77%.

Institutional Investors Weigh In On AZZ

Large investors have recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new stake in shares of AZZ in the 4th quarter worth $7,798,000. Oliver Luxxe Assets LLC acquired a new stake in AZZ during the fourth quarter worth about $1,421,000. Assenagon Asset Management S.A. raised its stake in AZZ by 23.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 22,715 shares of the industrial products company's stock worth $1,861,000 after purchasing an additional 4,315 shares during the period. Hennessy Advisors Inc. boosted its holdings in AZZ by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 131,500 shares of the industrial products company's stock valued at $10,772,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in shares of AZZ in the 4th quarter valued at approximately $509,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

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.