AZZ (AZZ) Given Media Sentiment Score of 0.16

AZZ (AZZ) Given Media Sentiment Score of 0.16

AZZ (AZZ) opened at 54.80 on Tuesday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 23.52 and a beta of 1.46. AZZ has a 52 week low of $51.20 and a 52 week high of $67.98. The company’s 50-day moving average price is $57.38 and its 200 day moving average price is $59.90.

Media stories about AZZ (NYSE:AZZ) have trended somewhat positive on Tuesday, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AZZ earned a news sentiment score of 0.16 on Alpha One’s scale. Alpha One also gave news stories about the industrial products company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

AZZ (NYSE:AZZ) last posted its earnings results on Thursday, April 20th. The industrial products company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.61 by $0.17. The business had revenue of $193.80 million during the quarter, compared to analysts’ expectations of $215.86 million. AZZ had a net margin of 7.41% and a return on equity of 14.39%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. Equities research analysts expect that AZZ will post $2.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.24%. The ex-dividend date was Monday, April 24th. AZZ’s dividend payout ratio (DPR) is presently 27.09%.

Separately, Zacks Investment Research upgraded AZZ from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, April 11th.

In related news, SVP Timothy E. Pendley sold 2,500 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $59.26, for a total value of $148,150.00. Following the transaction, the senior vice president now owns 31,426 shares of the company’s stock, valued at $1,862,304.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Kirk Downey sold 4,088 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $57.56, for a total value of $235,305.28. Following the completion of the transaction, the director now directly owns 9,156 shares in the company, valued at approximately $527,019.36. The disclosure for this sale can be found here. Insiders sold 6,725 shares of company stock worth $391,552 in the last three months. 0.01% of the stock is currently owned by corporate insiders.

About AZZ

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AZZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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