Trex (NYSE:TREX) Releases Earnings Results, Beats Estimates By $0.01 EPS


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Trex (NYSE:TREX) issued its quarterly earnings results on Sunday. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01, MarketWatch Earnings reports. The company had revenue of $228.29 million for the quarter, compared to analyst estimates of $215.99 million. Trex had a net margin of 20.53% and a return on equity of 35.52%. Trex’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share.

Shares of NYSE:TREX traded down $9.03 during midday trading on Tuesday, hitting $91.16. 2,244,024 shares of the company’s stock were exchanged, compared to its average volume of 765,253. Trex has a 12 month low of $28.11 and a 12 month high of $107.64. The company has a market cap of $10.56 billion, a PE ratio of 62.58 and a beta of 1.46. The stock has a 50 day moving average price of $96.23 and a 200-day moving average price of $81.02.

Several equities analysts recently issued reports on TREX shares. UBS Group started coverage on shares of Trex in a report on Tuesday, December 8th. They issued a “buy” rating and a $94.00 target price on the stock. DA Davidson boosted their target price on shares of Trex from $75.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a report on Wednesday, January 27th. BMO Capital Markets started coverage on shares of Trex in a report on Wednesday, January 13th. They issued a “market perform” rating and a $90.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Trex from $72.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, November 3rd. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.78.

Trex Company Profile

Trex Company, Inc manufactures and distributes wood and plastic composite products, and related accessories for residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Select, and Trex Enhance protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

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Earnings History for Trex (NYSE:TREX)

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