AZZ (AZZ) Releases FY19 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.90-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.23. The company issued revenue guidance of $930-970 million, compared to the consensus revenue estimate of $948.53 million.AZZ also updated its FY 2019 guidance to $1.90-2.25 EPS.

AZZ opened at $48.67 on Tuesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 36.05 and a beta of 1.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.96 and a quick ratio of 2.07. AZZ has a one year low of $39.50 and a one year high of $56.05.

A number of research analysts have weighed in on AZZ shares. Zacks Investment Research downgraded AZZ from a strong-buy rating to a hold rating in a report on Tuesday, September 11th. TheStreet upgraded AZZ from a c+ rating to a b- rating in a report on Thursday, July 26th. Finally, ValuEngine upgraded AZZ from a hold rating to a buy rating in a report on Friday, July 6th.

In related news, insider Matthew Varley Emery sold 844 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $54.05, for a total value of $45,618.20. Following the sale, the insider now owns 7,523 shares in the company, valued at approximately $406,618.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel R. Feehan sold 2,003 shares of the company’s stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $54.50, for a total value of $109,163.50. Following the completion of the sale, the director now owns 64,497 shares in the company, valued at approximately $3,515,086.50. The disclosure for this sale can be found here. 0.01% of the stock is currently owned by corporate insiders.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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