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

AZEK (NYSE:AZEK) issued its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share 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 Down 1.0 %

AZEK opened at $50.33 on Wednesday. AZEK has a 1-year low of $35.48 and a 1-year high of $54.91. The firm has a 50-day moving average price of $50.33 and a two-hundred day moving average price of $46.30. The stock has a market capitalization of $7.20 billion, a PE ratio of 48.39, a PEG ratio of 2.23 and a beta of 1.94. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson increased their price objective on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $60.00 in a research report on Monday, January 6th. Royal Bank of Canada upped their price target on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, BMO Capital Markets upped their target price on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.73.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the transaction, the chief executive officer now directly owns 923,765 shares in the company, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % 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 valued at $2,039,170 over the last three months. 3.20% of the stock is owned by insiders.

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.