AZEK (AZEK) Projected to Post Earnings on Tuesday

AZEK (NYSE:AZEK - Get Free Report) is projected to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect AZEK to post earnings of $0.14 per share and revenue of $264.10 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

AZEK Stock Down 1.2 %

Shares of AZEK stock traded down $0.60 during trading on Friday, reaching $51.40. The company's stock had a trading volume of 613,823 shares, compared to its average volume of 1,454,242. The company has a 50-day simple moving average of $50.42 and a two-hundred day simple moving average of $46.14. AZEK has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 49.48, a P/E/G ratio of 2.32 and a beta of 1.94.

Insider Transactions at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the firm's 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 completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at approximately $881,496. This trade represents a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the company's 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 directly owns 923,765 shares of the company's stock, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock worth $2,039,170 in the last 90 days. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AZEK shares. Royal Bank of Canada upped their price target on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Barclays increased their target price on AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Truist Financial raised their price objective on AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Benchmark reissued a "buy" rating and set a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Finally, BMO Capital Markets raised their price objective on shares of AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.73.

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.