Analysts expect that The AZEK Company Inc. (NYSE:AZEK - Get Rating) will post sales of $387.27 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for AZEK's earnings, with estimates ranging from $374.40 million to $399.30 million. AZEK reported sales of $327.45 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that AZEK will report full year sales of $1.41 billion for the current financial year, with estimates ranging from $1.40 billion to $1.43 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.51 billion, with estimates ranging from $1.34 billion to $1.65 billion. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AZEK.
AZEK (NYSE:AZEK - Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. AZEK had a return on equity of 11.22% and a net margin of 8.49%. The firm had revenue of $396.26 million for the quarter, compared to analysts' expectations of $368.06 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The firm's quarterly revenue was up 35.2% on a year-over-year basis.
A number of research analysts have commented on AZEK shares. Loop Capital cut AZEK from a "buy" rating to a "hold" rating and decreased their price target for the stock from $56.00 to $25.00 in a research note on Monday, April 25th. Robert W. Baird cut their price target on AZEK from $32.00 to $30.00 in a research note on Wednesday. DA Davidson upgraded AZEK from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 1st. Barclays cut their price target on AZEK from $43.00 to $40.00 in a research note on Thursday, March 31st. Finally, Citigroup cut their price target on AZEK from $30.00 to $24.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $34.20.
AZEK opened at $19.83 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.91 and a current ratio of 2.69. The business's 50 day moving average price is $23.54 and its 200 day moving average price is $32.64. AZEK has a one year low of $16.34 and a one year high of $46.56. The stock has a market capitalization of $3.07 billion, a PE ratio of 27.16, a P/E/G ratio of 0.91 and a beta of 1.71.
In other AZEK news, insider Sandra Lamartine acquired 965 shares of the stock in a transaction on Wednesday, March 9th. The shares were bought at an average price of $26.01 per share, with a total value of $25,099.65. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vernon J. Nagel acquired 4,000 shares of the stock in a transaction on Monday, March 7th. The stock was acquired at an average cost of $25.14 per share, for a total transaction of $100,560.00. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company's stock.
Several hedge funds have recently made changes to their positions in the company. Utah Retirement Systems increased its position in AZEK by 5.4% during the 3rd quarter. Utah Retirement Systems now owns 5,900 shares of the company's stock worth $216,000 after purchasing an additional 300 shares in the last quarter. Stephens Inc. AR grew its holdings in AZEK by 37.3% in the first quarter. Stephens Inc. AR now owns 1,930 shares of the company's stock valued at $48,000 after purchasing an additional 524 shares during the period. CIBC Asset Management Inc increased its position in AZEK by 10.1% during the third quarter. CIBC Asset Management Inc now owns 6,334 shares of the company's stock worth $231,000 after purchasing an additional 580 shares during the last quarter. CWM LLC purchased a new position in AZEK during the fourth quarter worth approximately $27,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of AZEK by 1.8% in the 4th quarter. Rafferty Asset Management LLC now owns 36,483 shares of the company's stock valued at $1,687,000 after purchasing an additional 633 shares during the last quarter. Institutional investors and hedge funds own 96.53% of the company's stock.
AZEK Company Profile (Get Rating)
The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and moulding, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.
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