AZEK (AZEK) Scheduled to Post Earnings on Wednesday

AZEK (NYSE:AZEK) is scheduled to issue 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. AZEK has set its Q2 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

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

AZEK Stock Performance

Shares of AZEK opened at $45.64 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67. AZEK has a one year low of $23.08 and a one year high of $50.78. The company’s fifty day moving average price is $47.87 and its 200 day moving average price is $39.43. The company has a market capitalization of $6.74 billion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.92.

Analyst Upgrades and Downgrades

AZEK has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on AZEK from $43.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Citigroup raised their price objective on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. TheStreet upgraded shares of AZEK from a “c+” rating to a “b-” rating in a research note on Wednesday, January 31st. Benchmark assumed coverage on shares of AZEK in a research report on Friday, April 19th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, B. Riley upped their price objective on shares of AZEK from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.11.

Insider Buying and Selling at AZEK

In related news, insider Michelle A. Kasson sold 94,431 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the transaction, the insider now owns 23,544 shares in the company, valued at approximately $1,164,721.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jonathan Skelly sold 10,000 shares of the stock in a transaction 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 owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michelle A. Kasson sold 94,431 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the transaction, the insider now directly owns 23,544 shares in the company, valued at approximately $1,164,721.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,431 shares of company stock valued at $6,356,622. 3.10% of the stock is currently owned by corporate insiders.

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.