News headlines about AZZ (NYSE:AZZ) have trended positive recently, according to AlphaOne Sentiment. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AZZ earned a daily sentiment score of 0.49 on AlphaOne’s scale. AlphaOne also assigned news stories about the industrial products company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
Shares of AZZ (AZZ) traded up 2.67% during midday trading on Thursday, reaching $55.80. The company had a trading volume of 33,350 shares. The firm has a market cap of $1.45 billion, a P/E ratio of 23.95 and a beta of 1.46. The company’s 50-day moving average is $56.72 and its 200-day moving average is $59.58. AZZ has a 52-week low of $51.20 and a 52-week high of $67.98.
AZZ (NYSE:AZZ) last announced its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.17. AZZ had a return on equity of 8.86% and a net margin of 5.98%. The company had revenue of $193.80 million for the quarter, compared to analyst estimates of $215.86 million. During the same period last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. Equities research analysts expect that AZZ will post $2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, April 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. AZZ’s dividend payout ratio (DPR) is presently 27.09%.
Separately, Zacks Investment Research downgraded AZZ from a “buy” rating to a “strong sell” rating in a report on Wednesday, April 26th.
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In other AZZ news, SVP Timothy E. Pendley sold 2,500 shares of AZZ stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $59.26, for a total transaction of $148,150.00. Following the transaction, the senior vice president now directly owns 31,426 shares in the company, valued at $1,862,304.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director H Kirk Downey sold 4,088 shares of AZZ stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $57.56, for a total value of $235,305.28. Following the transaction, the director now owns 9,156 shares in the company, valued at $527,019.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,725 shares of company stock valued at $391,552. 0.01% of the stock is owned by insiders.
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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