Trex (TREX) Set to Announce Earnings on Thursday

Trex (NYSE:TREX) will post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Trex to post earnings of $0.72 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, analysts expect Trex to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trex Stock Down 0.9 %

Shares of Trex stock opened at $92.52 on Wednesday. The firm has a market cap of $10.05 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Trex has a 12-month low of $51.03 and a 12-month high of $101.91. The company’s fifty day simple moving average is $93.81 and its two-hundred day simple moving average is $82.56.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Barclays raised their target price on shares of Trex from $86.00 to $93.00 and gave the stock an “underweight” rating in a research report on Thursday, April 4th. The Goldman Sachs Group raised their target price on shares of Trex from $89.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, DA Davidson raised their target price on shares of Trex from $80.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $88.72.

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.