Equities research analysts expect Trex Company Inc (NYSE:TREX) to report $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Trex’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.41. Trex posted earnings per share of $0.28 during the same quarter last year, which would suggest a positive year over year growth rate of 32.1%. The company is expected to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Trex will report full-year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.25 to $2.34. For the next year, analysts forecast that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.51 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Trex.
Trex (NYSE:TREX) last released its earnings results on Monday, October 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $166.38 million for the quarter, compared to analyst estimates of $173.10 million. Trex had a net margin of 19.16% and a return on equity of 46.55%. Trex’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share.
Several equities analysts recently issued reports on the stock. Sidoti lowered shares of Trex from a “buy” rating to a “neutral” rating in a report on Friday, August 10th. SunTrust Banks dropped their target price on shares of Trex to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 30th. Finally, Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $36.35.
TREX stock opened at $64.94 on Friday. The firm has a market capitalization of $3.82 billion, a P/E ratio of 41.10 and a beta of 2.25. Trex has a 12-month low of $50.72 and a 12-month high of $90.74.
In other news, Director Frank H. Merlotti, Jr. sold 3,051 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $77.39, for a total transaction of $236,116.89. Following the transaction, the director now owns 24,242 shares in the company, valued at $1,876,088.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Paul Gerhard sold 2,990 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total transaction of $249,904.20. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. WINTON GROUP Ltd increased its position in shares of Trex by 103.6% during the third quarter. WINTON GROUP Ltd now owns 225,138 shares of the construction company’s stock worth $17,331,000 after acquiring an additional 114,580 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Trex during the third quarter worth about $7,141,000. HL Financial Services LLC increased its position in shares of Trex by 13.8% during the third quarter. HL Financial Services LLC now owns 104,560 shares of the construction company’s stock worth $8,049,000 after acquiring an additional 12,648 shares in the last quarter. SFE Investment Counsel increased its position in shares of Trex by 88.8% during the third quarter. SFE Investment Counsel now owns 15,616 shares of the construction company’s stock worth $1,202,000 after acquiring an additional 7,347 shares in the last quarter. Finally, Cim LLC increased its position in shares of Trex by 63.8% during the third quarter. Cim LLC now owns 20,490 shares of the construction company’s stock worth $1,577,000 after acquiring an additional 7,979 shares in the last quarter. 89.03% of the stock is owned by institutional investors.
Trex Company Profile
Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.
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