Revenue Update on AZZ Inc(NYSE:AZZ)

AZZ Inc(NYSE:AZZ) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jul 5, 2016. Company reported revenue of $242.67M. Analysts estimated a revenue of $247.51M. Earnings per share were $0.81. Analysts had estimated an EPS of $0.84.

AZZ Inc (AZZ) made into the market gainers list on Fridays trading session with the shares advancing 1.85% or 1.09 points. Due to strong positive momentum, the stock ended at $60.12, which is also near the day’s high of $60.63. The stock began the session at $59.86 and the volume stood at 2,11,940 shares. The 52-week high of the shares is $60.92 and the 52 week low is $45.01. The company has a current market capitalization of $1,559 M and it has 2,59,31,498 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, H Kirk Downey (director) sold 3,750 shares at $54.76 per share price.Also, On Apr 29, 2016, Thomas E Ferguson (CEO) purchased 485 shares at $43.75 per share price.On Mar 9, 2016, Timothy E Pendley (SVP GALVANIZING) purchased 43 shares at $38.42 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

AZZ Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on AZZ Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.