AZZ Inc (NYSE: AZZ) has reported a loss for its first fiscal quarter (ending May 31) of $-1.38 versus $1.00 for the same period a year ago — a decline of -238%. This result fell short of the consensus estimate of $1.28 by $-2.66. E.P.S. were $1.11 for the latest four quarters through May 31 versus $2.72 for the same period a year ago — a decline of -59%.
Recent Price Action
AZZ Inc (NYSE: AZZ) stock closed at $76.51 on 7/10/24 after a large increase of 2.0%. Moreover, trading volume in this advance was above average at 140% of normal. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AZZ is expected to continue to be a Value Builder.
AZZ has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AZZ has a slightly negative Appreciation Score of 33 but a very high Power Rating of 97, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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