AZEK (NYSE:AZEK – Get Rating) announced its quarterly earnings data on Thursday. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06, Fidelity Earnings reports. AZEK had a return on equity of 11.08% and a net margin of 8.49%. The firm had revenue of $395.00 million during the quarter, compared to analyst estimates of $385.73 million. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 20.6% compared to the same quarter last year.
AZEK Stock Performance
Shares of AZEK stock traded up $1.04 during trading on Friday, reaching $21.45. The company had a trading volume of 1,963,483 shares, compared to its average volume of 2,123,393. The company has a market capitalization of $3.33 billion, a PE ratio of 29.38, a PEG ratio of 1.46 and a beta of 1.89. The firm’s 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $23.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.00 and a quick ratio of 1.28. AZEK has a one year low of $15.52 and a one year high of $46.56.
Analyst Upgrades and Downgrades
AZEK has been the subject of a number of research reports. Citigroup decreased their price objective on AZEK from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, June 17th. Barclays decreased their price objective on AZEK from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. The Goldman Sachs Group downgraded AZEK from a “conviction-buy” rating to a “buy” rating and set a $23.00 price target for the company. in a research note on Wednesday, July 13th. Loop Capital downgraded AZEK from a “buy” rating to a “hold” rating and cut their price target for the stock from $56.00 to $25.00 in a research note on Monday, April 25th. Finally, Robert W. Baird cut their price target on AZEK from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, June 16th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.80.
Institutional Trading of AZEK
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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