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AZZ (AZZ) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-06-12 17:21
Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on AZZ, and emphasizes the importance of using these recommendations in conjunction with other analytical tools for making investment decisions [1][5][10]. Group 1: Brokerage Recommendations for AZZ - AZZ has an average brokerage recommendation (ABR) of 1.67, indicating a position between Strong Buy and Buy, based on recommendations from nine brokerage firms [2]. - Out of the nine recommendations, six are classified as Strong Buy, accounting for 66.7% of the total recommendations [2]. Group 2: Limitations of Brokerage Recommendations - Brokerage recommendations may not effectively guide investors towards stocks with the highest potential for price appreciation, as studies suggest limited success in this regard [5]. - Analysts from brokerage firms often exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell recommendations [6][10]. Group 3: Zacks Rank as an Alternative Tool - The Zacks Rank, which categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell), is presented as a more reliable indicator of near-term stock performance, based on earnings estimate revisions [8][11]. - Unlike the ABR, the Zacks Rank is updated more frequently and reflects timely changes in earnings estimates, making it a more effective tool for predicting future stock prices [12]. Group 4: Current Earnings Estimates for AZZ - The Zacks Consensus Estimate for AZZ's earnings for the current year remains unchanged at $5.73, indicating steady analyst views on the company's earnings prospects [13]. - Due to the unchanged consensus estimate and other factors, AZZ holds a Zacks Rank of 3 (Hold), suggesting caution despite the Buy-equivalent ABR [14].
AZZ (AZZ) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-06-09 22:51
In the latest trading session, AZZ (AZZ) closed at $92.85, marking a -1.68% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.09%.The electrical equipment maker's shares have seen an increase of 3.22% over the last month, not keeping up with the Industrial Products sector's gain of 8.52% and the S&P 500's gain of 7.21%.Analysts and investors alike will be keeping a close eye on the performance of AZZ in its upcoming earnings disclosure. The company is forecasted to ...
AZZ Inc. to Participate in the Wolfe Research 2nd Annual Materials of the Future Conference 2025
Prnewswire· 2025-06-02 10:30
FORT WORTH, Texas, June 2, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Chief Marketing, Communications, and Investor Relations Officer will participate in the Wolfe Research 2nd Annual Materials of the Future Conference 2025.The conference will be held on June 16-18, 2025, at the Wolfe Research Office, 757 Third Avenue - 5th Floor, in New York City, New York. AZZ will present ...
Here's Why AZZ (AZZ) Fell More Than Broader Market
ZACKS· 2025-05-28 22:56
AZZ (AZZ) closed the latest trading day at $89.93, indicating a -1.46% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.56%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq lost 0.51%.Shares of the electrical equipment maker witnessed a gain of 3.54% over the previous month, trailing the performance of the Industrial Products sector with its gain of 9.95% and the S&P 500's gain of 7.37%.Investors will be eagerly watching for the performance ...
Wall Street Analysts See AZZ (AZZ) as a Buy: Should You Invest?
ZACKS· 2025-05-27 14:35
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about AZZ (AZZ) .AZZ currently has an average brokerage recommendation (ABR) of 1.50, on a scale of 1 ...
AZZ (AZZ) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2025-05-22 22:50
Company Performance - AZZ closed at $89.61, reflecting a -0.76% change from the previous day, underperforming the S&P 500's daily loss of 0.04% [1] - Over the past month, AZZ shares gained 10.62%, which is lower than the Industrial Products sector's gain of 15.49% and the S&P 500's gain of 13.42% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for AZZ is projected at $1.56, indicating a 6.85% increase compared to the same quarter last year [2] - Revenue for the upcoming quarter is estimated at $440.52 million, reflecting a 6.61% rise from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be $5.71 per share, with a revenue forecast of $1.69 billion, representing changes of +9.81% and +7.26% respectively from the previous year [3] - Recent modifications to analyst estimates indicate a positive outlook for AZZ's business and profitability [3] Zacks Rank and Valuation - AZZ currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 2.02% lower over the past month [5] - The Forward P/E ratio for AZZ is 15.81, which is a discount compared to the industry average Forward P/E of 21.73 [6] Industry Context - The Manufacturing - Electronics industry, part of the Industrial Products sector, has a Zacks Industry Rank of 60, placing it in the top 25% of over 250 industries [6] - The Zacks Industry Rank measures the strength of individual industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]
AZZ (AZZ) FY Conference Transcript
2025-05-06 14:30
AZZ (AZZ) FY Conference May 06, 2025 10:30 AM ET Speaker0 Morning, everyone. Thank you for joining us today, at the Oppenheimer conference. With us today from AZZ is David Nark, who's the chief marketing and communications and IR officer for the company. And just to give you a little background, AZZ is the leading independent galvanizing firm in The US. But with its recent acquisition, not so recent, couple about a year ago, they acquired Precoat Metals, and they're a leading player in now in the in the met ...
AZZ Inc. to Participate in the Oppenheimer 20th Annual Industrial Growth Conference in May 2025
Prnewswire· 2025-05-01 20:15
FORT WORTH, Texas, May 1, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Chief Marketing, Communications, and Investor Relations Officer will participate in the Oppenheimer 20th Annual Industrial Conference.The Oppenheimer Industrial Growth Conference, presented in a 'virtual-only' format, will be held on May 5-8, 2025. AZZ will present at 10:30am Eastern on Tuesday, May 6, 2025, ...
AZZ Inc. Announces Recommencement of Stock Repurchase Program
Prnewswire· 2025-04-28 10:30
Core Viewpoint - AZZ Inc. has resumed its stock repurchase program, utilizing a $100 million Share Repurchase Program and a 10b5-1 plan to facilitate share buybacks while ensuring compliance with insider trading laws [1][2][3]. Group 1: Stock Repurchase Program - The company has purchased approximately $46.8 million worth of shares to date, leaving a remaining balance of $53.2 million available for future repurchases under the program [1]. - The 10b5-1 plan allows AZZ to repurchase shares during periods when it might otherwise be restricted, thus supporting its disciplined capital allocation strategy [2][3]. - A third-party broker will execute the repurchases under the 10b5-1 plan, adhering to predetermined parameters regarding timing, price, and volume [3]. Group 2: Management's Commitment - The President and CEO of AZZ Inc. emphasized the company's commitment to returning value to shareholders while maintaining flexibility and compliance with regulatory requirements [3]. - The resumption of stock purchases is seen as a strategic move to opportunistically repurchase shares while still funding growth initiatives and deploying capital to enhance shareholder value [3]. Group 3: Company Overview - AZZ Inc. is recognized as a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a broad range of end-markets [5]. - The company's business segments offer sustainable metal coating solutions that improve the longevity and appearance of essential infrastructure and products [5].
AZZ Inc. Shares Are Appealing On Upbeat Guidance
Seeking Alpha· 2025-04-22 22:24
Usually, when a company reports financial performance that fall short of analysts’ expectations , a decline in share price is in the cards. But this is not always the case. A good example of this can be seenCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms ...