$0.56 EPS Expected for AZZ Inc (AZZ)

September 17, 2017 - By Stephen Andrade

 $0.56 EPS Expected for AZZ Inc (AZZ)
Investors sentiment increased to 1.05 in Q4 2016. Its up 0.02, from 1.03 in 2016Q3. It is positive, as 23 investors sold AZZ Inc shares while 55 reduced holdings. 22 funds opened positions while 60 raised stakes. 22.43 million shares or 0.04% less from 22.44 million shares in 2016Q3 were reported.
Keybank Natl Association Oh reported 0.01% of its portfolio in AZZ Inc (NYSE:AZZ). Amer holds 0% or 19,004 shares in its portfolio. Blair William And Com Il has 6,235 shares for 0% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky has 0.02% invested in AZZ Inc (NYSE:AZZ). Philadelphia Tru has 138,343 shares. Keeley Asset Mngmt reported 0.09% of its portfolio in AZZ Inc (NYSE:AZZ). 7 were accumulated by Qs Invsts Limited. Moreover, Alphaone Ltd has 1.1% invested in AZZ Inc (NYSE:AZZ) for 61,872 shares. King Luther Cap Corporation invested in 239,525 shares. Endurance Wealth Mgmt reported 150 shares. Legal And General Gp Public Limited Company reported 0% of its portfolio in AZZ Inc (NYSE:AZZ). Aperio Grp Ltd Llc holds 0% or 5,341 shares in its portfolio. Rhumbline Advisers owns 42,350 shares. Stanley holds 0.13% of its portfolio in AZZ Inc (NYSE:AZZ) for 6,556 shares. 125 are owned by Creative Planning.

Since May 1, 2017, it had 0 buys, and 3 sales for $391,552 activity. DOWNEY H KIRK had sold 137 shares worth $8,097. $148,150 worth of AZZ Inc (NYSE:AZZ) shares were sold by Pendley Timothy E.

Wall Street await AZZ Inc (NYSE:AZZ) to release earnings on October, 4. Analysts forecast earnings per share of $0.56, up exactly $0.01 or 1.82 % from 2014’s $0.55 EPS. The expected AZZ’s profit could reach $14.59M giving the stock 22.79 P/E in the case that $0.56 earnings per share is reported. After posting $0.51 EPS for the previous quarter, AZZ Inc’s analysts now forecast 9.80 % EPS growth. The stock increased 1.90% or $0.95 on September 15, reaching $51.05. About 211,850 shares traded or 148.59% up from the average. AZZ Inc (NYSE:AZZ) has declined 1.54% since September 17, 2016 and is downtrending. It has underperformed by 18.24% the S&P500.

AZZ Inc (NYSE:AZZ) Ratings Coverage

Among 3 analysts covering AZZ (NYSE:AZZ), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. AZZ had 8 analyst reports since September 1, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, September 1 by Zacks. As per Thursday, December 8, the company rating was downgraded by Stifel Nicolaus. The company was initiated on Monday, March 28 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Hold”. The rating was upgraded by Stifel Nicolaus on Tuesday, January 10 to “Hold”. Stifel Nicolaus maintained the shares of AZZ in report on Friday, July 7 with “Hold” rating. The stock of AZZ Inc (NYSE:AZZ) has “Hold” rating given on Monday, January 11 by BB&T Capital. As per Monday, October 12, the company rating was downgraded by Sidoti.

AZZ Inc. 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 has market cap of $1.33 billion. The Firm operates through two divisions: Energy segment and Galvanizing segment. It has a 25.1 P/E ratio. The Company’s Energy segment provides services and products designed to support industrial, nuclear and electrical applications.

More important recent AZZ Inc (NYSE:AZZ) news were published by: Reuters.com which released: “BRIEF-AZZ Inc announces acquisition of Wisconsin-based Powergrid Solutions Inc” on September 06, 2017, also Seekingalpha.com published article titled: “Second Quarter Financials Show AZZ Inc. Is At An Impasse”, Fool.com published: “Why AZZ Inc. Missed Guidance” on April 21, 2017. More interesting news about AZZ Inc (NYSE:AZZ) was released by: Nasdaq.com and their article: “AZZ Acquires Powergrid Solutions, Grows Switchgear Business” with publication date: September 07, 2017.

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