The AZEK Company Inc. to Post FY2025 Earnings of $1.39 Per Share, DA Davidson Forecasts (NYSE:AZEK)

The AZEK Company Inc. (NYSE:AZEK) – Analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of AZEK in a research note issued on Thursday, August 8th. DA Davidson analyst K. Yinger now anticipates that the company will earn $1.39 per share for the year, up from their previous estimate of $1.34. DA Davidson currently has a “Neutral” rating and a $44.00 target price on the stock. The consensus estimate for AZEK’s current full-year earnings is $1.06 per share.

Several other equities analysts have also issued reports on AZEK. The Goldman Sachs Group lowered their target price on shares of AZEK from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus dropped their target price on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Friday, August 9th. Robert W. Baird lowered their price target on AZEK from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Loop Capital cut their price objective on shares of AZEK from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.11.

AZEK Trading Up 4.4 %

Shares of NYSE AZEK opened at $40.00 on Monday. The stock has a market cap of $5.82 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 1.28 and a beta of 1.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.40 and a quick ratio of 2.21. AZEK has a 1 year low of $25.03 and a 1 year high of $50.78. The firm has a 50-day moving average of $43.33 and a 200 day moving average of $45.43.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AZEK had a return on equity of 12.02% and a net margin of 10.66%. The business had revenue of $434.40 million during the quarter, compared to the consensus estimate of $396.89 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year.

Institutional Investors Weigh In On AZEK

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates increased its stake in shares of AZEK by 72.8% in the fourth quarter. Raymond James & Associates now owns 28,629 shares of the company’s stock worth $1,095,000 after purchasing an additional 12,060 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in AZEK during the fourth quarter valued at about $1,134,000. Mackenzie Financial Corp purchased a new position in shares of AZEK in the fourth quarter valued at about $371,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AZEK by 10.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,970 shares of the company’s stock worth $1,146,000 after acquiring an additional 2,872 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of AZEK by 80.4% during the fourth quarter. Federated Hermes Inc. now owns 4,353 shares of the company’s stock worth $167,000 after purchasing an additional 1,940 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling at AZEK

In related news, insider Jonathan Skelly sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $46.72, for a total value of $560,640.00. Following the transaction, the insider now owns 190,134 shares of the company’s stock, valued at $8,883,060.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jonathan Skelly sold 12,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $46.72, for a total value of $560,640.00. Following the transaction, the insider now directly owns 190,134 shares of the company’s stock, valued at approximately $8,883,060.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $41.75, for a total value of $542,750.00. Following the transaction, the chief executive officer now owns 1,024,444 shares in the company, valued at $42,770,537. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

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.