AZZ Inc (AZZ) Releases Earnings Results, Beats Expectations By $0.05 EPS

AZZ Inc (AZZ) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.67. The company posted revenue of $217.60 million in the period, compared to analysts expectations of $215.32 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on AZZ Inc. AZZ Inc was Resumed by Stifel to “Hold” on Mar 28, 2016.

AZZ Inc (AZZ) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $56.84 and reached the intraday high at $57.57. The bulls started the profit booking and pushed the shares to intraday low of $56.8. The trading session was marked by a volume range of 67,593 shares exchanging hands. The 52-week high of the shares is $60.36 and the 52-week low is $44.2201. The market cap of the company stands at $1,475 M and there are 2,58,37,006 shares in public circulation.

In a different news, on Mar 9, 2016, Chris M. Bacius (VP, Corporate Development) purchased 247 shares at $38.78 per share price. According to the SEC, on Mar 9, 2016, Timothy E Pendley (SVP GALVANIZING) purchased 43 shares at $38.42 per share price. On Mar 9, 2016, Thomas E Ferguson (CEO) purchased 722 shares at $43.75 per share price, according to the Form-4 filing with the securities and exchange commission.

AZZ Inc. formerly AZZ incorporated is a provider of galvanizing services welding solutions specialty electrical equipment and engineered services to the power generation transmission distribution refining and industrial markets. The Company operates in two business segments: the Energy segment and the Galvanizing Services segment. The Company’s Energy segment provides products and services designed to support industrial nuclear and electrical applications. Its product offerings include custom switchgear electrical enclosures medium and high voltage bus ducts explosion proof and hazardous duty lighting nuclear safety-related equipment and tubular products. The Company’s Galvanizing Services segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the United States and Canada. The Company operates in the United States Canada China Brazil Poland and the Netherlands.


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