Ultime notizie per AZZ (NYSE:AZZ) Azioni

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

AZZ Inc

AZRIELI GROUP LTD UNS/ADR by Azrieli Group Ltd

Azrieli Group Ltd

AZTEC MINERALS CORP by Aztec Minerals Corp

Aztec Minerals Corp

AZZURRO SOLUTIONS CORP by AZZURRO SOLUTIONS CORP.

Azzurro Solutions Corp

AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) will release its quarterly earnings report on Wednesday, 2024-10-09. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate AZZ to report an earnings per share (EPS) of $1.32.
Anticipation surrounds AZZ's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 6.06% increase in the share price the next day.
Here's a look at AZZ's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.30</td>
<td>0.70</td>
<td>1</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.46</td>
<td>0.93</td>
<td>1.19</td>
<td>1.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.0%</td>
<td>8.0%</td>
<td>-0.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728396062_0.png" alt="eps graph" />
<h3>Performance of AZZ Shares</h3>
Shares of AZZ were trading at $82.08 as of October 07. Over the last 52-week period, shares are up 68.87%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on AZZ</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on AZZ.
The consensus rating for AZZ is Buy, based on 2 analyst ratings. With an average one-year price target of $94.5, there's a potential 15.13% upside.
<h3>Comparing Ratings with Competitors</h3>
The below comparison of the analyst ratings and average 1-year price targets of Hayward Holdings, Tecnoglass and Griffon, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>For Hayward Holdings, analysts project an Neutral trajectory, with an average 1-year price target of $15.9, indicating a potential 80.63% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Tecnoglass, with an average 1-year price target of $67.4, indicating a potential 17.88% downside.</li>
<li>For Griffon, analysts project an Outperform trajectory, with an average 1-year price target of $84.5, indicating a potential 2.95% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
Within the peer analysis summary, vital metrics for Hayward Holdings, Tecnoglass and Griffon are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>AZZ</td>
<td>Buy</td>
<td>5.71%</td>
<td>$102.67M</td>
<td>-4.41%</td>
</tr>
<tr>
<td>Hayward Holdings</td>
<td>Neutral</td>
<td>0.30%</td>
<td>$145.09M</td>
<td>2.81%</td>
</tr>
<tr>
<td>Tecnoglass</td>
<td>Neutral</td>
<td>-2.50%</td>
<td>$89.58M</td>
<td>6.10%</td>
</tr>
<tr>
<td>Griffon</td>
<td>Outperform</td>
<td>-5.21%</td>
<td>$249.15M</td>
<td>19.30%</td>
</tr>
</tbody>
</table>

Key Takeaway:
AZZ ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, AZZ ranks at the top for Return on Equity.
<h3>Discovering AZZ: A Closer Look</h3>
AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.
<h3>Breaking Down AZZ's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: AZZ's remarkable performance in 3 months is evident. As of 31 May, 2024, the company achieved an impressive revenue growth rate of 5.71%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: AZZ's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -8.91%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): AZZ's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -4.41%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): AZZ's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.66%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.99.
<a href="https://www.benzinga.com/quote/AZZ/earnings">To track all earnings releases for AZZ visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

AZZ Earnings Preview

AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) will release earnings results for its second quarter, after the <a href="https://www.benzinga.com/quote/AZZ/earnings">closing bell on Wednesday, Oct. 9</a>.
Analysts expect the Fort Worth, Texas-based company to report quarterly earnings at $1.32 per share, up from $1.27 per share in the year-ago period. AZZ is projected to post quarterly revenue of $411.8 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
On Sept. 24, AZZ announced the successful completion of term loan B repricing in leverage-neutral transaction.
AZZ shares gained 2.8% to close at $82.50 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> 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 <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587639de5064ed000140012f/timna-tanners">Wolfe Research analyst Timna Tanners</a> initiated coverage on the stock with a Peer Perform rating on July 31. This analyst has an accuracy rate of 67%.</li>
<li>B. Riley Securities analyst Lucas Pipes maintained a Buy rating and raised the price target from $89 to $99 on July 17. This analyst has an accuracy rate of 68%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5f4776a095b44f00011e0bbb/stephen-richardson">Evercore ISI Group analyst Stephen Richardson</a> initiated coverage on the stock rating with an Outperform rating and a price target of $90 on June 14. This analyst has an accuracy rate of 66%.</li>
<li>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 73%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58a5e02a43eaaa00018d939f/laurence-alexander">Jefferies analyst Laurence Alexander </a>initiated coverage on the stock with a Buy rating and a price target of $105 on May 20. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying AZZ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="521" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07035008/image-28-1024x521.png" alt="" class="wp-image-582784" style="width:672px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07035008/image-28-1024x521.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07035008/image-28-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07035008/image-28-768x391.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07035008/image-28.png 1303w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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AZZ Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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Shares of construction and home builder companies are trading higher following strong New Home Sales economic data for July. Also, the sector may be moving in sympathy with the market after Fed Chair Powell offered an optimistic U.S. economic outlook and indicated future rate cuts.

AZZ (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>) has recently been on Zacks.com&#39;s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock&#39;s performance in the near future.
Over the past month, shares of this electrical equipment maker have returned -8.5%, compared to the Zacks S&amp;P 500 composite&#39;s -4.5% change. During this period, the Zacks Manufacturing - Electronics industry, which AZZ falls in, has lost 7%. The key question now is: What could be the stock&#39;s future direction?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
<h2>Earnings Estimate Revisions</h2>
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
AZZ is expected to post earnings of $1.26 per share for the current quarter, representing a year-over-year change of -0.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.
The consensus earnings estimate of $4.94 for the current fiscal year indicates a year-over-year change of +9.1%. This estimate has changed -0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $5.65 indicates a change of +14.4% from what AZZ is expected to report a year ago. Over the past month, the estimate has changed +2.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock&#39;s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, AZZ is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
<h2>12 Month EPS</h2>
<h2>Revenue Growth Forecast</h2>
Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.
For AZZ, the consensus sales estimate for the current quarter of $409.47 million indicates a year-over-year change of +2.7%. For the current and next fiscal years, $1.61 billion and $1.7 billion estimates indicate +4.8% and +5.5% changes, respectively.
<h2>Last Reported Results and Surprise History</h2>
AZZ reported revenues of $413.21 million in the last reported quarter, representing a year-over-year change of +5.7%. EPS of $1.46 for the same period compares with $1.14 a year ago.
Compared to the Zacks Consensus Estimate of $400.57 million, the reported revenues represent a surprise of +3.16%. The EPS surprise was +11.45%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
<h2>Valuation</h2>
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
AZZ is graded A on this front, indicating that it is trading at a discount to its peers.
<h2>Bottom Line</h2>
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about AZZ. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2319854/azz-inc-azz-is-attracting-investor-attention-here-is-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2319854">To read this article on Zacks.com click here.</a>

Mid Cap

AZZ Inc. is Attracting Investor Attention: Here is What You Should Know

Wolfe Research analyst Timna Tanners initiates coverage on AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) with a Peer Perform rating.

Initiation

Wolfe Research Initiates Coverage On AZZ with Peer Perform Rating

AZZ (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this electrical equipment maker have returned +6.4%, compared to the Zacks S&amp;P 500 composite&#39;s -0.2% change. During this period, the Zacks Manufacturing - Electronics industry, which AZZ falls in, has lost 1.6%. The key question now is: What could be the stock&#39;s future direction?
Although media reports or rumors about a significant change in a company&#39;s business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock&#39;s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
AZZ is expected to post earnings of $1.26 per share for the current quarter, representing a year-over-year change of -0.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.5%.
For the current fiscal year, the consensus earnings estimate of $4.94 points to a change of +9.1% from the prior year. Over the last 30 days, this estimate has changed -0.6%.
For the next fiscal year, the consensus earnings estimate of $5.65 indicates a change of +14.4% from what AZZ is expected to report a year ago. Over the past month, the estimate has changed -1.9%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock&#39;s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, AZZ is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
<img alt="12-month consensus EPS estimate for AZZ _12MonthEPSChartUrl" class="chart" src="https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/AZZ.png" style="height:auto; width:100%" title="" />
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
In the case of AZZ, the consensus sales estimate of $409.47 million for the current quarter points to a year-over-year change of +2.7%. The $1.61 billion and $1.7 billion estimates for the current and next fiscal years indicate changes of +4.8% and +5.5%, respectively.
Last Reported Results and Surprise History
AZZ reported revenues of $413.21 million in the last reported quarter, representing a year-over-year change of +5.7%. EPS of $1.46 for the same period compares with $1.14 a year ago.
Compared to the Zacks Consensus Estimate of $400.57 million, the reported revenues represent a surprise of +3.16%. The EPS surprise was +11.45%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.
Comparing the current value of a company&#39;s valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
AZZ is graded A on this front, indicating that it is trading at a discount to its peers.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about AZZ. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2310674/azz-inc-azz-is-a-trending-stock-facts-to-know-before-betting-on-it?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2310674">To read this article on Zacks.com click here.</a>

AZZ Inc. Is a Trending Stock: Facts to Know Before Betting on It

Baird analyst Matthew Krueger initiates coverage on AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) with a Neutral rating and announces Price Target of $90.

Baird Initiates Coverage On AZZ with Neutral Rating, Announces Price Target of $90

Ratings for AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for AZZ, revealing an average target of $94.8, a high estimate of $105.00, and a low estimate of $85.00. Surpassing the previous average price target of $78.00, the current average has increased by 21.54%.
<img src="https://www.benzinga.com/files/images/story/2024/1721235624_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of AZZ's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lucas Pipes</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$99.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>Outperform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Heim</td>
<td>Noble Capital Markets</td>
<td>Announces</td>
<td>Outperform</td>
<td>$95.00</td>
<td>-</td>
</tr>
<tr>
<td>Laurence Alexander</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$105.00</td>
<td>-</td>
</tr>
<tr>
<td>Lucas Pipes</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$67.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to AZZ. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AZZ compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of AZZ's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of AZZ's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AZZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AZZ analyst ratings.</a>
<h2>About AZZ</h2>
AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.
<h3>Financial Milestones: AZZ's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining AZZ's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.71% as of 31 May, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -8.91%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): AZZ's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -4.41%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): AZZ's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.66%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: AZZ's debt-to-equity ratio is below the industry average at 0.99, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing AZZ: Insights From 5 Financial Analysts

B. Riley Securities analyst Lucas Pipes maintains AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) with a Buy and raises the price target from $89 to $99.

B. Riley Securities Maintains Buy on AZZ, Raises Price Target to $99

AZZ (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock&#39;s performance in the near term.
Over the past month, shares of this electrical equipment maker have returned +4%, compared to the Zacks S&amp;P 500 composite&#39;s +3.8% change. During this period, the Zacks Manufacturing - Electronics industry, which AZZ falls in, has gained 2.8%. The key question now is: What could be the stock&#39;s future direction?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, AZZ is expected to post earnings of $1.28 per share, indicating a change of +0.8% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.1% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $4.98 points to a change of +9.9% from the prior year. Over the last 30 days, this estimate has changed -0.3%.
For the next fiscal year, the consensus earnings estimate of $5.56 indicates a change of +11.6% from what AZZ is expected to report a year ago. Over the past month, the estimate has changed -3.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock&#39;s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, AZZ is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
<img alt="12-month consensus EPS estimate for AZZ _12MonthEPSChartUrl" class="chart" src="https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/AZZ.png" style="height:auto; width:100%" title="" />
Revenue Growth Forecast
Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.
For AZZ, the consensus sales estimate for the current quarter of $406.14 million indicates a year-over-year change of +1.9%. For the current and next fiscal years, $1.6 billion and $1.7 billion estimates indicate +4% and +6.3% changes, respectively.
Last Reported Results and Surprise History
AZZ reported revenues of $413.21 million in the last reported quarter, representing a year-over-year change of +5.7%. EPS of $1.46 for the same period compares with $1.14 a year ago.
Compared to the Zacks Consensus Estimate of $400.57 million, the reported revenues represent a surprise of +3.16%. The EPS surprise was +11.45%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.
Comparing the current value of a company&#39;s valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
AZZ is graded B on this front, indicating that it is trading at a discount to its peers.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about AZZ. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2302350/azz-inc-azz-is-attracting-investor-attention-here-is-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2302350">To read this article on Zacks.com click here.</a>

AZZ (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.45%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $0.70 per share when it actually produced earnings of $0.93, delivering a surprise of 32.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
AZZ, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $413.21 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $390.87 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
AZZ shares have added about 29.1% since the beginning of the year versus the S&amp;P 500&#39;s decline of -87.9%.
What&#39;s Next for AZZ?
While AZZ has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for AZZ: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.26 on $406.14 million in revenues for the coming quarter and $4.96 on $1.6 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the top 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Eaton (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etn#NYSE">ETN</a>), is yet to report results for the quarter ended June 2024.
This power management company is expected to post quarterly earnings of $2.60 per share in its upcoming report, which represents a year-over-year change of +17.7%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level.
Eaton&#39;s revenues are expected to be $6.34 billion, up 8.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2299540/azz-azz-q1-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2299540">To read this article on Zacks.com click here.</a>

Earnings Beats

AZZ Q1 Earnings and Revenues Beat Estimates

AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) shares are trading lower today. The company reported first-quarter FY25 sales growth of 5.7% Y/Y to $413.2 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39718214/azz-inc-reports-fiscal-year-2025-first-quarter-results" rel="noreferrer noopener">analyst consensus of $402.05 million</a>.
Metal Coating sales rose 4.7% Y/Y to $176.7 million, and Precoat Metals sales climbed 6.5% to $236.5 million.
Adjusted EPS of $1.46&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus estimate of $1.30.</a>
The company reported a segment EBITDA margin of 30.9% for Metal Coatings and 20.2% for Precoat Metals business.
In the first quarter, AZZ returned cash to common shareholders through dividend payments totaling&nbsp;$4.3 million.&nbsp;
The company held $10.5 million in cash and equivalents as of May-end. Operating cash flow for the three months ending May was $71.9 million.
Tom Ferguson, President, and Chief Executive Officer of&nbsp;AZZ, said, &#8220;We further reduced debt by&nbsp;$25 million&nbsp;in the quarter, on pace to reach our stated target of&nbsp;$60&nbsp;&#8211;&nbsp;$90 million&nbsp;for the fiscal year.&#8221;
&#8220;As we communicated last quarter, we are well positioned to take advantage of an increase in infrastructure projects and are pleased to see the rebound in many end markets.&nbsp; We remain encouraged about our sales prospects driven by the secular tailwinds that exist for non-building construction relating to infrastructure and renewables projects, reshoring of manufacturing, and continued migration to more environmentally friendly pre-painted steel and aluminum.&#8221;
FY25 Outlook: AZZ reiterated guidance for sales of $1.525 billion &#8211; $1.625 billion (estimate of&nbsp;$1.597 billion) and adjusted EPS Of&nbsp;$4.50&nbsp;&#8211;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> $5.00&nbsp;(consensus of&nbsp;$4.88)</a>.
Price Action: AZZ shares are down 2.00% at $74.99 premarket at the last check Thursday.
Photo via Shutterstock

Equities

Guidance

Movers

AZZ Q1: Earnings Beat, Cash Flow Strengthens & More

AZZ Reiterates FY25 Guidance For Sales Of $1.525B - $1.625B (Est $1.597B), Adjusted EPS Of $4.50 - $5.00 (Est $4.88)

AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.30 by 12.31 percent. This is a 28.07 percent increase over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $413.208 million which beat the analyst consensus estimate of $402.051 million by 2.78 percent. This is a 5.71 percent increase over sales of $390.873 million the same period last year.

AZZ Q1 2025 Adj EPS $1.46 Beats $1.30 Estimate, Sales $413.208M Beat $402.051M Estimate

The CNN Money Fear and Greed index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the S&amp;P 500 hitting fresh record as Federal Reserve Chairman Jerome Powell issued positive comments on the economy and the job market during his semiannual testimony before the Senate Banking Committee.
Data on consumer price index for June will be released on Thursday, while producer price index data will be released on Friday.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained 2.5% on Tuesday as Keybanc analyst John Vinh maintained the stock with an Overweight rating and boosted the price target from $130 to $180.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, health care and utilities stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 53 points to 39,291.97 on Tuesday. The S&amp;P 500 rose 0.07% at 5,576.98, while the Nasdaq Composite climbed 0.14% at 18,429.29 during Tuesday's session.
Investors are awaiting earnings results from Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>), PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) today.
Big banks, including, Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) are scheduled to report second-quarter earnings on Friday.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.3, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 52.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

MANU

NVDA

PSMT

S&P 500 Clinches Yet Another Record Close After Jerome Powell's Testimony, Fear & Greed Index Remains In 'Neutral' Zone Ahead Of Key Data

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Manchester United Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) to report a quarterly loss at 27 cents per share on revenue of $162.92 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Manchester United shares gained 1.6% to $16.19 in the after-hours trading session.</li>
<li>Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) posted downbeat results for its third quarter on Tuesday. Kura Sushi shares fell 4.2% to $56.00 in the after-hours trading session.</li>
<li>Analysts are expecting PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) to post quarterly earnings at $1.01 per share on revenue of $1.21 billion. The company will release earnings after the markets close. PriceSmart shares gained 1% to $79.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>ImmuCell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCC#NASDAQ">ICCC</a>) reported preliminary sales results for the second quarter. The company said it sees preliminary sales of $5.47 million up from $3.53 million in the year-ago period. ImmuCell shares climbed 8.9% to $4.67 in the after-hours trading session.</li>
<li>Analysts expect AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) to post quarterly earnings at $1.30 per share on revenue of $402.05 million. AZZ shares gained 2.7% to $77.00 in after-hours trading.</li>
</ul>
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Photo courtesy: PriceSmart

ICCC

KRUS

PriceSmart, Kura Sushi And 3 Stocks To Watch Heading Into Wednesday

AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is scheduled to release earnings results for its first quarter, after the closing <a href="https://www.benzinga.com/quote/AZZ/earnings">bell on Wednesday, July 10</a>.
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 <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
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 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings </a>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 <a href="https://www.benzinga.com/quote/AZZ/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>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%.</li>
<li>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%.</li>
<li>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%.</li>
<li>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%.</li>
</ul>
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AZZ Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) will release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/AZZ/earnings">closing bell on Wednesday, July 10</a>.
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 expects to post revenue of $399.38 million for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
On June 27, AZZ announced a fiscal year 2025 first-quarter cash dividend of 17 cents per share.
With the recent buzz around AZZ, some investors may be eyeing potential gains from the company's dividends, too. AZZ currently offers an annual dividend yield of 0.90%. That&#8217;s a quarterly dividend of 17 cents per share (68 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $665,065 or around 8,824 shares. For a more modest $100 per month or $1,200 per year, you would need $133,028 or around 1,765 shares.
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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.68 in this case). So, $6,000 / $0.68 = 8,824 ($500 per month), and $1,200 / $0.68 = 1,765 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
AZZ Price Action: Shares of AZZ fell 1.2% to close at $75.37 on Tuesday.
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Long Ideas

Dividends

How To Earn $500 A Month From AZZ Stock Ahead Of Q1 Earnings Report

Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>) is well poised for growth, courtesy of strength across its business, strategic acquisitions and focus on improving the product line and operational excellence.
The company remains committed to investing in growth opportunities and solidifying its long-term market position.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8b/69466.jpg?v=932206669" /> 
Image Source: Zacks Investment Research
It has a market capitalization of $72.1 billion. Over the past year, it has soared 46.5% compared with the industry&#39;s growth of 42.8%. CTAS currently carries a Zacks Rank #2 (Buy). 
Let&#39;s delve into the factors that have been aiding the firm for a while now. 
Business Strength: CTAS has been benefiting from strength in its Uniform Rental and Facility Services segment, driven by penetration of additional products and services into existing customers. The segment&#39;s revenues rose 9.4% year over year in the fiscal third quarter (ended February 2024). 
Strong demand for its products and services, pricing actions and solid customer retention have been boosting the First Aid and Safety Services segment&#39;s performance. Revenues from the segment climbed 13.4% year over year in the fiscal third quarter. 
Given the strength across its businesses, management expects revenues in the range of $9.57-$9.60 billion in fiscal 2024, indicating growth of 8.7% at the mid-point from the year-ago levels. 
Acquisition Benefits: Cintas remains focused on acquiring businesses to gain access to new customers and product lines. The company acquired Paris Uniform Services, a family-owned supplier of uniform and facility service solutions, in March 2024. The buyout is expected to enhance its presence in Pennsylvania, New York, Maryland and West Virginia. Also, the buyout of SITEX in February 2024 is likely to strengthen its market position in the central Midwest region. In the fiscal third quarter, acquisitions boosted revenue growth by 0.5%. 
Business Initiatives: The company&#39;s focus on enhancement of its product portfolio, along with investments in technology and existing facilities, should continue to drive its performance. Also, Cintas&#39; focus on operational executions and pricing actions is helping it to maintain a healthy margin. For instance, in the fiscal third quarter, its gross margin increased 220 basis points year over year to 49.4%. 
Shareholder-Friendly Policies: Cintas remains committed to rewarding its shareholders through dividend payouts and share buybacks. In the first nine months of fiscal 2024, it paid dividends of $393.3 million and repurchased shares worth $468.1 million. Also, the company hiked its quarterly dividend by 17.4% to $1.35 per share in July 2023.
<h3>3 Other Promising Stocks</h3>
We have highlighted three other top-ranked stocks from the Zacks Industrial Products sector, namely AZZ Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>), Valmont Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmi#NYSE">VMI</a>) and Mueller Water Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>). While VMI sports a Zacks #1 Rank (Strong Buy), AZZ and MWA carry a Zacks Rank of 2 each. 
AZZ delivered a trailing four-quarter average earnings surprise of 36%. In the past 60 days, the Zacks Consensus Estimate for AZZ&#39;s 2024 earnings has increased 5.3%. 
Valmont Industries has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI&#39;s 2024 earnings has risen 7% in the past 60 days. 
Mueller Water Products delivered a trailing four-quarter average earnings surprise of 51.8%. In the past 60 days, the consensus estimate for MWA&#39;s 2024 earnings has improved by 14.5%.
<a href="https://www.zacks.com/stock/news/2292704/here-s-why-you-should-add-cintas-ctas-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2292704">To read this article on Zacks.com click here.</a>

CTAS

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Press Releases

AZZ Inc. to Participate in the Stifel Cross Sector Insight Conference and 14th Annual East Coast IDEAS Conference in June 2024

AZZ Inc. Appoints Jason Crawford as Chief Financial Officer

AZZ Inc. to Review First Quarter Fiscal Year 2025 Financial Results on Thursday, July 11, 2024

AZZ Inc. Announces Fiscal Year 2025 First Quarter Cash Dividend of $0.17 per Share

AZZ Inc. Reports Fiscal Year 2025 First Quarter Results

AZZ Inc. to Participate in the Seaport Research Conference and Granite Research Conference in August 2024

AZZ Inc. to Participate in the Sidoti Small Cap and Noble Capital Markets' Basic Industries Equity Conferences in September 2024

Commodities

AZZ Inc. to Review Second Quarter Fiscal Year 2025 Financial Results on Thursday, October 10, 2024

AZZ Inc. Announces Successful Completion of Term Loan B Repricing in Leverage-Neutral Transaction

AZZ Inc. Announces Fiscal Year 2025 Second Quarter Cash Dividend of $0.17 per Share

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