Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about AZZ (AZZ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AZZ currently has an average brokerage recommend ...

In the latest market close, AZZ (AZZ) reached $79.61, with a +0.09% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.42%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.57%.Shares of the electrical equipment maker have depreciated by 4.9% over the course of the past month, underperforming the Industrial Products sector's loss of 0.87% and the S&P 500's gain of 1.77%.The investment community will be closely moni ...

primeimagesInvestment Thesis AZZ Inc. (NYSE:AZZ) has good growth prospects ahead. The company’s revenue should benefit from good demand for infrastructure and manufacturing projects driven by the ramp-up of government funding like the Infrastructure Investments and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS and Science Act. In addition, the company’s revenue should also benefit from increasing demand for cooling products within the HVAC sector thanks to the transition toward the new refri ...

Francesco Scatena/iStock via Getty Images Investment Thesis Galvanizing company AZZ Inc. (NYSE:AZZ) had been a sleepy stock for most of the past decade. But a change in strategy, involving acquisitions and divestitures, brought new energy to its top and bottom lines: AZZ Revenue EBITDA Net income 10-year chart (Seeking Alpha) Along with those improvements came a new interest in its stock. The share price rose 91.61% over the past five years and 69.27% over the past year. I expect results to keep improving a ...

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?Let's take a look at what these Wall Street heavyweights have to say about AZZ (AZZ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AZZ currently has an average brokerage recommendation (ABR) of 1.57, ...

The most recent trading session ended with AZZ (AZZ) standing at $77.37, reflecting a +0.19% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 1.61%. Meanwhile, the Dow gained 1.39%, and the Nasdaq, a tech-heavy index, added 2.34%.The the stock of electrical equipment maker has fallen by 10.33% in the past month, lagging the Industrial Products sector's loss of 1.57% and the S&P 500's loss of 2.88%.Analysts and investors alike will be keeping a close eye on the per ...

FORT WORTH, Texas, Aug. 13, 2024 /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, Senior Vice President, Marketing, Communications, and Investor Relations will participate in the Seaport Research Conference and Granite Research Conference in August 2024.The Seaport Research Conference will be a virtual format event held on August 20-21, 2024; AZZ will host one-on-one meetings on both da ...

AZZ TodayAZZAZZ$81.20 +4.69 (+6.13%) 52-Week Range$42.55▼$86.94Dividend Yield0.84%P/E Ratio23.67Price Target$93.75Add to WatchlistTrend-following is one of the most basic and widely used technical trading strategies because it works. AZZ Inc. NYSE: AZZ sends a signal to trend-following investors: a solid, sizeable green candle confirming support at a critical level that coincides with a long-term moving average. The signal on AZZ’s chart is compounded by increased volume and coincident signals in the MACD a ...

Financial Data and Key Metrics Changes - The company reported record quarterly revenue of $413 million, a 5.7% increase from $390.9 million in the prior year quarter [6][13] - Gross profit for the first quarter was $102.7 million, maintaining a gross margin of 24.8% compared to the prior year [13] - Adjusted net income increased by 31.9% to $44 million, with adjusted diluted EPS of $1.46 compared to $1.14 in the prior year [16][17] - First quarter adjusted EBITDA was $94.1 million, representing a 100 basis point improvement in adjusted EBITDA margin to 22.8% [17] Business Line Data and Key Metrics Changes - Metal Coatings sales increased by 4.7%, while Precoat Metals sales rose by 6.5% [13] - Metal Coatings EBITDA margin grew to 30.9%, exceeding the prior year and slightly above the target range of 25% to 30% [8] - Precoat Metals EBITDA margin was 20.2%, with expectations to maintain margins above 20% as volumes increase [8][54] Market Data and Key Metrics Changes - The company experienced strength in end markets such as construction, bridge and highway, transmission and distribution, and renewables [7][21] - Public sector construction spending is tracking higher than pre-pandemic levels, indicating ongoing strength in public work projects [7][21] - The Precoat Metals segment outperformed the market with mid- to high single-digit volume increases [21] Company Strategy and Development Direction - The company aims to improve its return profile and derisk its business by transforming into a pure-play metal coatings company [9] - A new aluminum coil coating facility is under construction, expected to be operational by early 2025, with long-term customer commitments covering 75% of its capacity [11][18] - The company is focused on operational excellence, margin enhancements, and working capital improvements to generate free cash flow [10][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about business prospects, particularly during the peak summer construction months, while acknowledging potential impacts from macroeconomic events [24] - The company reiterated its fiscal 2025 sales guidance of $1.525 billion to $1.625 billion and adjusted EBITDA guidance of $310 million to $360 million [25] - Management remains cautious about the economic outlook but is confident in the company's ability to capture market share and drive volumes [31][32] Other Important Information - The company reduced debt by $25 million in the first quarter and plans to pay down a total of $60 million to $90 million for the full fiscal year [19] - A secondary public offering raised $322 million, which was used to redeem Series A preferred stock, significantly improving the company's capital structure [19][20] Q&A Session Summary Question: On EBITDA guidance and conservatism - Management acknowledged a conservative approach to guidance, with plans to update it after the second quarter [28][29] Question: On Metal Coatings EBITDA margin exceeding targets - Management clarified that the higher margin was due to operational execution and volume increases, not significantly impacted by zinc costs [32][34] Question: Concerns about end market choppiness - Management reported growth across all stated end markets, with no significant concerns noted [37][39] Question: Outlook for pricing and product mix - Management indicated that pricing is expected to hold steady, supported by rising zinc costs and inflationary pressures [45][47] Question: Data center opportunities for Precoat - Management highlighted the growing data center market and ongoing initiatives to supply prepainted steel for insulated wall panels [58] Question: Trends in pre-coated steel - Management noted that trends are tracking as expected, with opportunities for conversion from post-paint to pre-paint continuing to grow [61][62]

AZZ Inc. (AZZ) reported first-quarter fiscal 2025 (ended May 31, 2024) adjusted earnings of $1.46 per share, which surpassed the Zacks Consensus Estimate of $1.31. The bottom line increased 28.1% year over year.On a reported basis, the company’s loss was $1.38 per share. Notably, it incurred expenses of $75.2 million related to the redemption premium payment on series A preferred stock.AZZ’s total sales of $413.2 million beat the consensus estimate of $401 million. Also, the top line increased 5.7% year ove ...