AZZ Inc (NYSE:AZZ) reported better-than-expected second-quarter financial results and raised its FY2027 guidance, after the closing bell on Tuesday.
AZZ reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.85 per share. The company reported quarterly sales of $486.892 million which beat the analyst consensus estimate of $463.481 million.
Tom Ferguson, President, and Chief Executive Officer of AZZ, said, “Our record second-quarter sales of $486.9 million, up 16.7%, reflects not only strong execution but also the strength of our long-term strategy and the durability of our business model…I am pleased with our record-setting performance during the first half of the year and we are on track to set new sales and profitability records for fiscal year 2027. We are increasing our annual financial guidance to reflect our quarterly performance, sustained sales momentum across both segments and increased confidence in our outlook for the remainder of fiscal year 2027.”
AZZ shares fell 2.6% to trade at $134.06 on Thursday.
These analysts made changes to their price targets on AZZ following earnings announcement.
- Baird analyst Matthew Krueger maintained the stock with a Neutral and lowered the price target from $155 to $150.
- B. Riley Securities analyst Nick Giles maintained the stock with a Buy and raised the price target from $170 to $174.
- Wells Fargo analyst Timna Tanners maintained the stock with an Equal-Weight rating and raised the price target from $144 to $145.
- Barclays analyst Richard Garchitorena maintained the stock with an Equal-Weight rating and raised the price target from $140 to $145.
Considering buying AZZ stock? Here’s what analysts think:
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