AZZ Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | July 08, 2024 08:24am

AZZ Inc. (NYSE:AZZ) is scheduled to release earnings results for its first quarter, after the closing bell on Wednesday, July 10.

Analysts expect the Fort Worth, Texas-based company to report quarterly earnings at $1.28 per share, up from $1.14 per share in the year-ago period. AZZ is projected to post revenue of $399.38 million for the quarter, according to data from Benzinga Pro.

On June 27, AZZ announced a fiscal year 2025 first-quarter cash dividend of 17 cents per share.

AZZ shares fell 1.2% to close at $75.73 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Evercore ISI Group analyst Stephen Richardson initiated coverage on the stock with an Outperform rating and a price target of $90 on June 14. This analyst has an accuracy rate of 69%.
• Noble Capital Markets analyst Michael Heim upgraded the stock from Market Perform to Outperform with a price target of $95 on June 11. This analyst has an accuracy rate of 72%.
• Jefferies analyst Laurence Alexander initiated coverage on AZZ with a Buy rating and announced a price target of $105 on May 20. This analyst has an accuracy rate of 76%.
• B. Riley Securities analyst Lucas Pipes maintained a Buy rating and raised the price target from $67 to $85 on April 23. This analyst has an accuracy rate of 72%.

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Posted In: AZZ