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Best Value Stocks to Buy for February 13th
Zacks Investment Research· 2024-02-13 12:16
Here are three stocks with buy rank and strong value characteristics for investors to consider today, February 13:Griffon Corporation (GFF) : This company which provides consumer and professional, and home and building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.Griffon Corporation has a price-to-earnings ratio (P/E) of 14.29 compared with 21.28 for the S&P. The company possesses a Value Score of B.AZZ I ...
4 Stocks to Buy as Manufacturing Activity Makes Steady Rebound
Zacks Investment Research· 2024-02-06 15:01
The manufacturing sector was one of the biggest sufferers over the past couple of years as inflation hit a 40-year high, which compelled the Federal Reserve to adopt an aggressive monetary tightening campaign. Higher interest rates slowed demand and the manufacturing sector started shrinking.Although the crisis is far from over, manufacturing activity has steadily made a rebound for the last two months, thanks to cooling inflation and easing price pressures. The Institute for Supply Management (“ISM”) repor ...
AZZ Issues 2025 Guidance, Focuses on Working Capital Improvements
Zacks Investment Research· 2024-02-05 14:56
AZZ Inc. (AZZ) announced its guidance for fiscal 2025 and reaffirmed its previously issued projection for fiscal 2024. Fiscal 2025 refers to the 12-month period beginning Mar 1, 2024, and ending Feb 28, 2025.Last month, the company reported third-quarter fiscal 2024 earnings of $1.19 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 20.2%. Total revenues for the reported quarter came in at $382 million, which outpaced the Zacks Consensus Estimate of $378 million by 0.9%.Highlights of th ...
5 Stocks With Recent Price Strength to Enhance Your Portfolio
Zacks Investment Research· 2024-02-05 14:06
Wall Street ended January in a zigzag fashion after an astonishing rally in 2023. The first half of last month was marred by volatility as market participants remained uncertain about when the Fed would start interest rate cuts.However, the situation changed in the second half following the release of several strong economic data and steadily falling inflation data. However, U.S. stock markets tumbled on the last day of January after the Fed denied the possibility of the first rate cut in March.Meanwhile, W ...
4 Manufacturing Stocks to Buy as the Sector Rebounds
Zacks Investment Research· 2024-02-02 14:15
Over the past two years, the manufacturing sector in the United States has been badly hit by the Federal Reserve’s tight monetary policy regime. However, the sector rebounded in January amid an uptick in new orders and production.The Institute for Supply Management (“ISM”) said on Thursday that the manufacturing PMI came in at 49.1 in January against a consensus of 47.6, increasing significantly from the December number, which was revised down to 47.1. This marks the 15th straight month that the PMI has rem ...
AZZ Inc. Issues Fiscal Year 2025 Guidance and Reaffirms Previously Issued Fiscal Year 2024 Guidance
Prnewswire· 2024-02-01 21:15
FORT WORTH, Texas, Feb. 1, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial guidance for fiscal year 2025 and reaffirmed previously issued guidance for fiscal year 2024. Fiscal year 2025 refers to the 12-month period beginning March 1, 2024 and ending on February 28, 2025. Reaffirming Previously Issued FY 2024 Guidance New FY 2025 Guidance (1) Sales $1.45 - $1.55 billion $1.5 - $1.6 billion ...
What Makes AZZ (AZZ) a Strong Momentum Stock: Buy Now?
Zacks Investment Research· 2024-02-01 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Is AZZ (AZZ) Stock a Solid Choice Right Now?
Zacks Investment Research· 2024-02-01 14:56
One stock that might be an intriguing choice for investors right now is AZZ Inc. (AZZ) . This is because this security in the Manufacturing - Electronics space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufac ...
Are Investors Undervaluing AZZ (AZZ) Right Now?
Zacks Investment Research· 2024-01-31 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...
Best Growth Stocks to Buy for January 30th
Zacks Investment Research· 2024-01-30 11:06
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 30th:EnerSys (ENS) : This stored energy solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.EnerSys has a PEG ratio of 0.81 compared with 1.61 for the industry. The company possesses a Growth Score of B.AZZ Inc. (AZZ) : This galvanizing and coil coating solutions company carries a Zacks Rank ...