AZZ Inc. [NYSE:AZZ] will report earnings after markets close on Monday, January 11th.
AZZ Earnings Forecast For The Current Quarter
AZZ Inc. [AZZ] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $234.44M and an earnings per share of $0.66 for Nov 2020. Looking further ahead, the company is expected to report revenue of $220.08M at an EPS of $0.54 for Feb 2021. The estimates represent downside of 10.00% and 42.89% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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AZZ Earnings Estimates For The Current Year
For the financial year, AZZ Inc. [NYSE:AZZ] is expected to bring in revenue of $871.16M. The returns are nearly $-188.84 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 1.91, lower than that of FY20 by -$0.8. Estimates put this year’s earnings growth at -29.50%, 42.40% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for a decrease of -18.00% in the current fiscal year and a further 10.00% over the following year.
AZZ Price Performance
On Wall Street, AZZ Inc. [NYSE:AZZ] finished Thursday’s session up 0.18% at $50.83. The stock went up to $51.01 at the same session while its lowest single day price was $48.21. In the last five days, it saw a rise of about 8.29%, AZZ Inc. shares gained by almost 7.15% since the beginning of the year. However, the share price has dropped to as low as -1.64% below its one year high. On 01/06/21, the company shares recorded $51.68, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $46.37. The company’s shares have inclined by 12.41% in the past year. The 50-day SMA achieved is $43.00 while the 200-day SMA is $34.90. Volume dropped to 0.2 million from 0.3 million in the previous session.
AZZ Inc. [AZZ] Valuation Measures
Notably, AZZ Inc. [AZZ] stock cannot be classified as a good candidate in the listing of underestimated low-priced Electrical Equipment & Parts companies to purchase soonest possible with the prevailing 12-month PE ratio of 88.25. The measure means the stock is exchanging at a premium as compared to the 25.57x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.38 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.37 which means AZZ serve an unattractive investment opportunity compared to its competitors.
AZZ Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 49.02 level, and in case of violation of this particular level, it will cause more drop to 47.22 level. On the upper level, 52.82 is still the key resistance. The stock may increase to the subsequent resistance at 51.82. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.73, implying a overbought technical stance while the MACD stands at 2.15, meaning price will increase in the next trading period. Percent R indicator moved to 14.12%, implying bullish price movement. Stochastic %K at 78.79% suggest holding the stock.
Is AZZ Inc. [NYSE:AZZ] a Good Buy Right Now?
It should be noted that AZZ technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from AZZ Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.16 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.16 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.15 million shares.
What is the short interest in AZZ Inc.?
Short interest in the AZZ Inc. stock has plunged, decreasing by -0.1 million shares to total 0.55 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.44 million, data from Yahoo Finance shows. The increase of 18.94% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.90% of the overall float for the stock.
AZZ Inc.’s Biggest Shareholders: Who Owns AZZ Inc. [AZZ]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 3,650,036 shares or roughly 14.00% of the outstanding AZZ shares. This means their shares have reduced by -80,778 from the 3,650,036 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $112,241,680. Details in the latest 13F filings reveal that T. Rowe Price Associates, Inc. acquired their 0.09% stake valued at $88,130,351 while Dimensional Fund Advisors LP added theirs at $57,360,665. During the last quarter, T. Rowe Price Associates, Inc. raised 1,773 of its shares in AZZ Inc. while Dimensional Fund Advisors LP bought 15,090 shares. The SSgA Funds Management, Inc.’s holdings currently number 831,785 shares at $42279631.55. According to the firm’s last 13F report, Fidelity Management & Research Co shares in the company at filing stood at 731,325 shares, roughly $32,609,782.
What are analyst thoughts on AZZ Inc.?
Looking forward to the AZZ Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for AZZ Inc. stock at $52.50 within the next 12 months, which represents almost 3.18 per cent growth from its previous closing price of $50.83. The highest analysts’ target for AZZ Inc. stock projections is $55.00 and the lowest one is $50.00. Still, 3 analysts sharing their consensus rating for AZZ stock in 2021 agree that it is an Overweight.