AZEK (AZEK) Scheduled to Post Quarterly Earnings on Wednesday

AZEK (NYSE:AZEK) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The firm had revenue of $240.44 million for the quarter, compared to analyst estimates of $234.12 million. On average, analysts expect AZEK to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AZEK Stock Up 1.4 %

Shares of AZEK opened at $47.17 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.97 billion, a PE ratio of 59.71, a P/E/G ratio of 1.50 and a beta of 1.93. The firm’s 50 day moving average is $47.87 and its 200-day moving average is $39.95. AZEK has a 12 month low of $23.08 and a 12 month high of $50.78.

Insider Activity

In related news, insider Jonathan Skelly sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $46.78, for a total value of $467,800.00. Following the sale, the insider now owns 180,784 shares of the company’s stock, valued at $8,457,075.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jonathan Skelly sold 10,000 shares of AZEK stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $46.78, for a total value of $467,800.00. Following the transaction, the insider now directly owns 180,784 shares of the company’s stock, valued at $8,457,075.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the sale, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at approximately $53,702,690.96. The disclosure for this sale can be found here. Insiders sold 130,431 shares of company stock valued at $6,356,622 over the last quarter. 3.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. B. Riley lifted their price objective on AZEK from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BMO Capital Markets increased their price objective on shares of AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Stifel Nicolaus raised their target price on shares of AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada upped their price target on shares of AZEK from $43.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird lifted their price objective on shares of AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.94.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.