Stock analysts expect Trex Company, Inc. (NYSE:TREX – Get Rating) to report earnings of $0.54 per share for the current quarter, according to Zacks. Six analysts provided earnings estimates for Trex, with the highest EPS estimate of $0.57 and the lowest estimate of $0.51. Trex reported earnings per share of $0.42 in the same quarter last year, indicating a positive growth rate of 28.6% year over year. The company is expected to announce its next quarterly results on Monday, May 9.
According to Zacks, analysts expect Trex to report annual earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.37 to $2.55. For the next fiscal year, analysts expect the company to report earnings of $2.85 per share, with EPS estimates ranging from $2.69 to $2.98. Zacks Investment Research EPS averages are an average average based on a survey of sell-side research companies that track Trex.
Trex (NYSE:TREX – Get Rating) last released its quarterly results on Monday, February 28. The construction company reported earnings per share of $0.60 for the quarter, beating the Zacks consensus estimate of $0.53 by $0.07. Trex had a return on equity of 36.80% and a net margin of 17.41%. The company posted revenue of $303.96 million in the quarter, versus analyst estimates of $302.64 million. In the same quarter last year, the company posted EPS of $0.37. Trex’s revenue for the quarter increased 33.1% year over year.
Several research companies have recently weighed in on TREX. The benchmark upgraded Trex from a “hold” rating to a “buy” rating and set a price target of $108.00 for the company in a Monday, February 14 research report. JPMorgan Chase & Co. downgraded Trex from a “neutral” rating to an “underweight” rating and set a price target of $135.00 for the company. in a research report on Wednesday, December 15. They noted that the move was a review call. UBS Group began covering Trex in a research report on Wednesday, January 19. They set a “neutral” rating and a price target of $111.00 for the company. Barclays raised its price target on Trex from $116.00 to $140.00 and gave the stock an “equal weight” rating in a Wednesday, Dec. 15 research report. Finally, TheStreet downgraded Trex from a “b” rating to a “c+” rating in a Monday, February 28, report. One equity research analyst gave the stock a sell rating, seven gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $118.62.
NYSE TREX shares opened at $74.04 on Friday. Trex has a one-year low of $67.77 and a one-year high of $140.98. The company has a market capitalization of $8.47 billion, a PE ratio of 40.91 and a beta of 1.52. The company has a 50-day moving average price of $93.81 and a two-hundred-day moving average price of $109.00.
Several hedge funds and other institutional investors have recently changed their positions in TREX. Alliancebernstein LP increased its position in Trex by 16.7% during the third quarter. Alliancebernstein LP now owns 7,256,511 shares of the construction company worth $739,656,000 after buying an additional 1,036,320 shares last quarter. State Street Corp increased its position in Trex by 4.3% during the fourth quarter. State Street Corp now owns 3,468,578 shares of the construction company worth $468,362,000 after buying an additional 142,333 shares last quarter. William Blair Investment Management LLC increased its position in Trex by 0.6% during the third quarter. William Blair Investment Management LLC now owns 3,153,468 shares of the construction company worth $321,433,000 after buying 19,332 more shares last quarter. Conestoga Capital Advisors LLC increased its position in Trex by 1.2% during the third quarter. Conestoga Capital Advisors LLC now owns 1,670,595 shares of the construction company worth $170,284,000 after buying 19,718 additional shares last quarter. Finally, Wells Fargo & Company MN increased its position in Trex by 3.8% during the second quarter. Wells Fargo & Company MN now owns 1,590,567 shares of the construction company worth $162,571,000 after purchasing an additional 58,864 shares last quarter. Institutional investors hold 92.92% of the company’s shares.
Trex Company Profile (Get an assessment)
Trex Co, Inc engages in the manufacture of wooden decks and railings. Its products include deck framing and drainage, outdoor lighting, furniture, pergolas and outdoor kitchens, fencing, collections and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.
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