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

AZEK (NYSE:AZEK - Get Free Report) posted its earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03, Zacks reports. AZEK had a net margin of 9.85% and a return on equity of 13.47%. AZEK updated its FY 2025 guidance to EPS.

AZEK Stock Down 1.8 %

NYSE AZEK traded down $0.93 during trading on Friday, reaching $50.11. 1,664,963 shares of the company's stock traded hands, compared to its average volume of 1,587,898. AZEK has a 12-month low of $35.48 and a 12-month high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.14. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. The company's 50 day simple moving average is $50.23 and its two-hundred day simple moving average is $46.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on AZEK from $54.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday. The Goldman Sachs Group raised their price target 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 shares of AZEK from $52.00 to $54.00 and gave the company a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, Truist Financial upped their price target on shares of AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, AZEK has an average rating of "Moderate Buy" and a consensus price target of $54.85.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the sale, the chief executive officer now directly owns 923,765 shares in the company, valued at approximately $49,255,149.80. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 sale, the chief marketing officer now directly owns 16,632 shares of the company's stock, valued at $881,496. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,322 shares of company stock valued at $2,039,170. Company 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.