Trex (TREX) Scheduled to Post Earnings on Monday

Trex (NYSE:TREX) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Trex to post earnings of $0.32 per share for the quarter. Trex has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $376.47 million during the quarter, compared to the consensus estimate of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. On average, analysts expect Trex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trex Stock Performance

NYSE TREX opened at $64.32 on Friday. The company has a market capitalization of $6.99 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.39 and a beta of 1.50. Trex has a one year low of $54.09 and a one year high of $101.91. The stock has a 50 day moving average price of $65.18 and a 200-day moving average price of $76.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TREX. B. Riley lowered their target price on Trex from $107.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Bank of America lowered their price target on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Benchmark lowered their price target on Trex from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stephens downgraded Trex from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $115.00 to $72.00 in a research report on Wednesday, August 7th. Finally, Loop Capital downgraded Trex from a “buy” rating to a “hold” rating and lowered their price target for the stock from $95.00 to $75.00 in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.38.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.