AZEK (NYSE:AZEK) Posts Earnings Results, Beats Estimates By $0.03 EPS

AZEK (NYSE:AZEK) posted its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. AZEK had a return on equity of 12.68% and a net margin of 10.68%. AZEK updated its FY 2025 guidance to EPS.

AZEK Trading Up 2.3 %

NYSE:AZEK opened at $51.40 on Thursday. AZEK has a 52 week low of $35.48 and a 52 week high of $54.91. The firm has a 50-day moving average price of $50.31 and a two-hundred day moving average price of $46.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 2.23 and a beta of 1.94.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AZEK. Royal Bank of Canada upped their price objective on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. DA Davidson lifted their price objective on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Robert W. Baird upped their target price on AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Finally, BMO Capital Markets increased their price target on AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.20.

Insider Transactions at AZEK

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