FY2024 Earnings Estimate for AZEK Issued By William Blair

The AZEK Company Inc. (NYSE:AZEK) – Analysts at William Blair issued their FY2024 earnings per share estimates for AZEK in a research report issued to clients and investors on Tuesday, October 15th. William Blair analyst R. Merkel expects that the company will earn $1.02 per share for the year. The consensus estimate for AZEK’s current full-year earnings is $1.05 per share. William Blair also issued estimates for AZEK’s FY2025 earnings at $1.06 EPS.

A number of other brokerages also recently commented on AZEK. UBS Group dropped their target price on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of AZEK in a report on Friday, August 9th. BMO Capital Markets lowered their target price on AZEK from $50.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Royal Bank of Canada dropped their price target on AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Citigroup decreased their price objective on AZEK from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.94.

AZEK Trading Up 1.6 %

AZEK stock opened at $44.13 on Friday. AZEK has a 12 month low of $25.03 and a 12 month high of $50.78. The firm’s 50-day moving average is $43.47 and its 200 day moving average is $44.53. The company has a market capitalization of $6.42 billion, a PE ratio of 43.26, a P/E/G ratio of 1.10 and a beta of 1.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. AZEK had a return on equity of 13.38% and a net margin of 11.35%. The company had revenue of $434.40 million for the quarter, compared to the consensus estimate of $396.89 million. During the same quarter in the prior year, the company posted $0.29 EPS. AZEK’s quarterly revenue was up 12.1% on a year-over-year basis.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total value of $829,400.00. Following the completion of the sale, the chief executive officer now owns 186,705 shares of the company’s stock, valued at $7,742,656.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total value of $829,400.00. Following the completion of the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at $7,742,656.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela J. Edwards bought 600 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $41.70 per share, for a total transaction of $25,020.00. Following the transaction, the director now owns 8,708 shares in the company, valued at $363,123.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On AZEK

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZEK. ORG Wealth Partners LLC acquired a new position in shares of AZEK in the third quarter valued at about $31,000. ORG Partners LLC acquired a new position in AZEK in the 1st quarter worth approximately $35,000. Whittier Trust Co. purchased a new position in AZEK during the 1st quarter worth approximately $37,000. Paladin Wealth LLC acquired a new stake in AZEK during the 3rd quarter valued at approximately $39,000. Finally, Blue Trust Inc. boosted its holdings in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 97.44% 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.