$0.17 EPS Expected for The AZEK Company Inc. (NYSE:AZEK) This Quarter

Equities research analysts predict that The AZEK Company Inc. (NYSE:AZEK) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for AZEK’s earnings, with estimates ranging from $0.15 to $0.19. AZEK reported earnings of $0.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, February 3rd.

According to Zacks, analysts expect that AZEK will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.33. For the next financial year, analysts forecast that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.32 to $1.62. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover AZEK.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Thursday, November 18th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The firm had revenue of $346.10 million during the quarter, compared to the consensus estimate of $329.50 million. AZEK had a return on equity of 10.08% and a net margin of 7.91%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS.

AZEK has been the topic of several research analyst reports. JPMorgan Chase & Co. raised AZEK from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $54.00 to $56.00 in a research note on Wednesday, December 15th. Zacks Investment Research downgraded AZEK from a “buy” rating to a “hold” rating in a report on Wednesday, November 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $51.50.

NYSE:AZEK traded down $1.53 during mid-day trading on Friday, reaching $41.03. The stock had a trading volume of 57,967 shares, compared to its average volume of 985,012. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 3.12. The firm has a 50 day moving average price of $42.24 and a two-hundred day moving average price of $40.00. The stock has a market capitalization of $6.35 billion, a P/E ratio of 68.35 and a beta of 1.47. AZEK has a one year low of $33.68 and a one year high of $51.32.

In related news, SVP Jonathan Skelly sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The stock was sold at an average price of $39.64, for a total value of $475,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joe Ochoa sold 40,000 shares of the company’s stock in a transaction on Thursday, December 9th. The stock was sold at an average price of $41.43, for a total value of $1,657,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 87,000 shares of company stock valued at $3,686,930. Insiders own 4.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP acquired a new stake in shares of AZEK during the second quarter worth about $77,000. FORA Capital LLC purchased a new position in shares of AZEK during the 2nd quarter worth approximately $119,000. Belpointe Asset Management LLC increased its stake in shares of AZEK by 27.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 3,745 shares of the company’s stock worth $159,000 after purchasing an additional 805 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of AZEK by 517,600.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,177 shares of the company’s stock worth $220,000 after purchasing an additional 5,176 shares in the last quarter. Finally, Utah Retirement Systems purchased a new stake in AZEK in the 2nd quarter worth approximately $238,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

About AZEK

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential and commercial markets in the United States. The company operates through Residential and Commercial segments. Its products include decks, rails, trims, accessories, and specialty exteriors; and partitions, lockers, and polymer solutions.

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