AZEK (AZEK) to Release Quarterly Earnings on Tuesday

AZEK (NYSE:AZEK) is anticipated to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $264.10 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AZEK Stock Down 1.5 %

AZEK stock opened at $51.23 on Monday. AZEK has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 2.32 and a beta of 1.94. The stock’s fifty day moving average is $50.42 and its two-hundred day moving average is $46.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17.

Wall Street Analysts Forecast Growth

AZEK has been the topic of a number of recent research reports. Barclays upped their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada increased their price objective on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their price objective on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and raised their price target for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, AZEK presently has an average rating of “Moderate Buy” and an average target price of $53.73.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 19,613 shares of AZEK stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the sale, the chief executive officer now directly owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at approximately $881,496. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,322 shares of company stock valued at $2,039,170. Company insiders own 3.20% 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.