AZEK (AZEK) to Release Earnings on Tuesday

AZEK (NYSE:AZEKGet Free Report) is projected 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

AZEK Trading Down 1.5 %

AZEK stock opened at $51.23 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. AZEK has a 1-year low of $35.48 and a 1-year high of $54.91. The business has a 50 day simple moving average of $50.42 and a two-hundred day simple moving average of $46.19. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.32 and a beta of 1.94.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Samara Toole sold 1,709 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,322 shares of company stock valued at $2,039,170 over the last 90 days. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada raised their price objective on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Finally, Barclays upped their price objective on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Four investment 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 an average rating of “Moderate Buy” and an average price target of $53.73.

Read Our Latest Stock Report on AZEK

AZEK Company Profile

(Get Free Report)

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.

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Earnings History for AZEK (NYSE:AZEK)

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