AZEK (AZEK) Set to Announce Earnings on Wednesday

AZEK (NYSE:AZEK) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect AZEK to post 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 that are interested in registering for the company’s earnings conference call can do so using this link.

AZEK (NYSE:AZEK) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. AZEK had a return on equity of 9.61% and a net margin of 8.57%. The business 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 Price Performance

AZEK stock opened at $46.52 on Monday. The stock has a market capitalization of $6.87 billion, a P/E ratio of 58.89, a P/E/G ratio of 1.50 and a beta of 1.93. The company’s fifty day moving average price is $47.87 and its 200 day moving average price is $39.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 2.99. AZEK has a 1 year low of $23.08 and a 1 year high of $50.78.

Insider Buying and Selling

In related news, insider Michelle A. Kasson sold 94,431 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was 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 of the company’s stock, valued at approximately $1,164,721.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jesse G. Singh sold 13,000 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 1,184,444 shares in the company, valued at $53,702,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the insider now owns 23,544 shares of the company’s stock, valued at approximately $1,164,721.68. The disclosure for this sale can be found here. Insiders have sold a total of 130,431 shares of company stock valued at $6,356,622 in the last quarter. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Barclays lifted their price objective on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Truist Financial upped their target price on AZEK from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. B. Riley boosted their price target 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. Finally, Royal Bank of Canada upped their price objective on shares of AZEK from $43.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.