AZEK (AZEK) Expected to Announce Earnings on Tuesday

AZEK (NYSE:AZEK) is expected to be announcing 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 $263,975.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

AZEK Stock Up 2.5 %

AZEK stock opened at $51.82 on Tuesday. The firm has a 50 day moving average price of $50.21 and a 200-day moving average price of $46.00. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. AZEK has a twelve month low of $35.48 and a twelve month high of $54.91. The company has a market capitalization of $7.41 billion, a P/E ratio of 49.83, a P/E/G ratio of 2.28 and a beta of 1.94.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.73.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 19,613 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 904,152 shares in the company, valued at approximately $40,668,756.96. This represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The shares were 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 $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock valued at $2,039,170 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

About AZEK

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.