What is DA Davidson's Forecast for AZEK FY2025 Earnings?

The AZEK Company Inc. (NYSE:AZEK - Free Report) - Stock analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for AZEK in a research report issued on Wednesday, February 5th. DA Davidson analyst K. Yinger now expects that the company will post earnings of $1.31 per share for the year, up from their previous estimate of $1.30. DA Davidson currently has a "Neutral" rating and a $50.00 target price on the stock. The consensus estimate for AZEK's current full-year earnings is $1.29 per share.

AZEK (NYSE:AZEK - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%.

Several other brokerages have also recently issued reports on AZEK. Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. 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 report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. BMO Capital Markets boosted their price target on AZEK from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $55.00 target price on shares of AZEK in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.85.

AZEK Trading Up 0.7 %

AZEK stock traded up $0.33 during trading on Friday, hitting $50.30. 573,504 shares of the company traded hands, compared to its average volume of 1,589,290. The company has a 50-day moving average of $50.17 and a 200-day moving average of $46.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56. AZEK has a 1 year low of $35.48 and a 1 year high of $54.91. The firm has a market capitalization of $7.19 billion, a PE ratio of 50.81, a P/E/G ratio of 2.19 and a beta of 1.94.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the transaction, the chief executive officer now directly owns 904,152 shares in the company, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares of the company's stock, valued at approximately $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 sold 41,322 shares of company stock worth $2,039,170 over the last 90 days. 3.20% of the stock is owned by insiders.

Institutional Trading of AZEK

A number of hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of AZEK by 33.8% in the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock valued at $665,702,000 after purchasing an additional 3,595,863 shares in the last quarter. FMR LLC raised its stake in AZEK by 57.9% in the third quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after buying an additional 2,497,074 shares in the last quarter. State Street Corp lifted its holdings in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company's stock worth $114,729,000 after buying an additional 45,774 shares during the period. Geode Capital Management LLC raised its position in shares of AZEK by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock worth $109,105,000 after acquiring an additional 12,644 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of AZEK by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after purchasing an additional 90,206 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.