Equity research analysts expect The AZEK Company Inc. (NYSE: AZEK – Get Rating) to report earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Seven analysts provided AZEK earnings estimates. The lowest EPS estimate is $0.29 and the highest is $0.34. AZEK reported earnings of $0.25 per share in the same quarter last year, indicating a positive growth rate of 24% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect AZEK to report annual earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.30. For next year, analysts expect the company to report earnings of $1.45 per share, with EPS estimates ranging from $1.30 to $1.61. Zacks Investment Research earnings per share averages are an average average based on a survey of sell-side research firms that provide coverage for AZEK.
AZEK (NYSE:AZEK – Get Rating) last released its quarterly earnings data on Thursday, February 3. The company reported earnings per share of $0.17 for the quarter, beating the consensus estimate of $0.16 by $0.01. The company posted revenue of $259.71 million in the quarter, compared to $256.70 million expected by analysts. AZEK had a net margin of 8.13% and a return on equity of 10.30%. The company’s quarterly revenue increased by 22.3% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.14.
Several equity research analysts have recently commented on the stock. Credit Suisse Group assumed coverage for AZEK shares in a research report on Tuesday, April 5. They set an “outperform” rating and a price target of $29.00 for the company. B. Riley lowered his price target on AZEK shares from $47.00 to $35.00 and set a “buy” rating for the company in a Wednesday, April 6 research report. Robert W. Baird lowered his price target on AZEK shares from $54.00 to $45.00 in a Friday, February 4 research report. Stephens downgraded AZEK shares from an “equal weight” rating to an “overweight” rating and lowered his price target for the stock from $47.00 to $41.00 in a note. research from Monday, January 31. Finally, TheStreet downgraded AZEK’s shares from a “c” rating to a “d+” rating in a Thursday, February 3, research note. Two research analysts rated the stock with a hold rating and nine assigned the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $38.36.
In other AZEK news, insider Paul J. Kardish acquired 9,100 shares of the company in a trade dated Monday, Feb. 7. The shares were acquired at an average price of $30.33 per share, with a total value of $276,003.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Sandra Lamartine acquired 965 shares of the company in a trade dated Wednesday, March 9. The shares were acquired at an average cost of $26.01 per share, for a total transaction of $25,099.65. Disclosure of this purchase can be found here. Over the past ninety days, insiders have acquired 32,065 shares of the company worth $946,833. Insiders hold 3.60% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their holdings of AZEK. Allspring Global Investments Holdings LLC acquired a new position in AZEK during the fourth quarter worth $170,251,000. Millennium Management LLC increased its stake in AZEK by 179.1% during the third quarter. Millennium Management LLC now owns 1,806,214 shares of the company worth $65,981,000 after purchasing an additional 1,159,135 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in AZEK by 20.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,906,687 shares of the company worth $319,365,000 after purchasing an additional 1,149,893 shares in the last quarter. Phoenix Holdings Ltd. acquired a new position in AZEK during the fourth quarter worth $36,871,000. Finally, Balyasny Asset Management LLC increased its stake in AZEK by 604.3% during the third quarter. Balyasny Asset Management LLC now owns 869,239 shares of the company worth $31,753,000 after purchasing an additional 745,814 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s shares.
Shares of NYSE:AZEK traded at $0.47 during Friday trading, hitting $22.96. 33,440 shares of the company were traded, against an average volume of 2,087,167. AZEK has a 1-year low of $21.04 and a 1-year high of $51.32. The company has a 50-day moving average price of $25.93 and a two-hundred-day moving average price of $34.36. The company has a current ratio of 2.69, a quick ratio of 0.91 and a debt ratio of 0.32. The company has a market capitalization of $3.56 billion, a P/E ratio of 35.86 and a beta of 1.83.
AZEK Company Profile (Get a rating)
The AZEK Company Inc engages in the design, manufacture and sale of building products for the residential, commercial and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered exterior products, which include decking, railing, trim and moldings, and accessories under the TimberTech, AZEK Exteriors, VERSATEX and ULTRALOX brands.
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