AZEK (AZEK) Set to Announce Earnings on Wednesday

AZEK (NYSE:AZEK) is scheduled to post its quarterly earnings results 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.Investors that wish to register for the company’s 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. The firm had revenue of $240.44 million during the quarter, compared to analysts’ expectations 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 Up 1.7 %

Shares of NYSE:AZEK opened at $46.52 on Monday. The business has a 50-day moving average price of $47.87 and a 200 day moving average price of $39.86. AZEK has a 12-month low of $23.08 and a 12-month high of $50.78. 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 company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 58.89, a PEG ratio of 1.50 and a beta of 1.93.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of AZEK from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. TheStreet raised AZEK from a “c+” rating to a “b-” rating in a research note on Wednesday, January 31st. Stifel Nicolaus increased their price target on AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird boosted their price objective on AZEK from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Stephens raised their target price on shares of AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.94.

Insider Activity

In related news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the transaction, the chief executive officer now owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Michelle A. Kasson sold 94,431 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.34, for a total value of $589,420.00. Following the sale, the chief executive officer now owns 1,184,444 shares in the company, valued at $53,702,690.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,431 shares of company stock valued at $6,356,622. 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.