Analysts predict that Trex Company Inc (NYSE:TREX) will announce earnings per share (EPS) of $0.67 for the current quarter, according to Zacks. Six analysts have made estimates for Trex’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.70. Trex posted earnings per share of $0.57 during the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 28th.
According to Zacks, analysts expect that Trex will report full-year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.50. For the next fiscal year, analysts expect that the company will report earnings of $2.88 per share, with EPS estimates ranging from $2.77 to $3.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Trex.
Trex (NYSE:TREX) last released its quarterly earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. Trex had a net margin of 17.61% and a return on equity of 35.94%. The company had revenue of $206.45 million during the quarter, compared to analysts’ expectations of $201.70 million. During the same period in the prior year, the company earned $0.73 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year.
A number of equities research analysts have issued reports on TREX shares. Berenberg Bank restated a “buy” rating and set a $80.00 price target on shares of Trex in a report on Tuesday, July 30th. William Blair assumed coverage on shares of Trex in a report on Thursday, August 22nd. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Friday, October 11th. Stephens set a $90.00 target price on shares of Trex and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Exane BNP Paribas assumed coverage on shares of Trex in a research note on Wednesday, October 9th. They issued an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $82.56.
TREX stock traded up $2.34 during mid-day trading on Friday, reaching $90.75. 305,968 shares of the stock traded hands, compared to its average volume of 778,169. The company has a quick ratio of 2.99, a current ratio of 3.51 and a debt-to-equity ratio of 0.09. Trex has a 52 week low of $50.88 and a 52 week high of $93.34. The business has a 50-day moving average of $88.10 and a two-hundred day moving average of $75.54. The firm has a market capitalization of $5.27 billion, a PE ratio of 38.62, a P/E/G ratio of 3.82 and a beta of 1.97.
In related news, Director Richard E. Posey sold 3,133 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $79.19, for a total value of $248,102.27. Following the completion of the transaction, the director now owns 18,840 shares of the company’s stock, valued at $1,491,939.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay M. Gratz sold 2,817 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $86.67, for a total transaction of $244,149.39. Following the completion of the transaction, the director now directly owns 16,515 shares of the company’s stock, valued at approximately $1,431,355.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,572 shares of company stock valued at $3,305,927. 0.93% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of TREX. BlackRock Inc. increased its holdings in shares of Trex by 2.9% during the second quarter. BlackRock Inc. now owns 7,343,900 shares of the construction company’s stock worth $526,556,000 after buying an additional 205,842 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Trex by 28.6% during the second quarter. William Blair Investment Management LLC now owns 3,683,191 shares of the construction company’s stock worth $264,085,000 after buying an additional 818,735 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Trex by 38.5% during the second quarter. Bamco Inc. NY now owns 2,733,942 shares of the construction company’s stock worth $196,024,000 after buying an additional 760,669 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Trex by 4.0% during the second quarter. Conestoga Capital Advisors LLC now owns 1,226,675 shares of the construction company’s stock worth $87,953,000 after buying an additional 46,996 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Trex by 17.8% during the second quarter. Northern Trust Corp now owns 975,044 shares of the construction company’s stock worth $69,911,000 after buying an additional 147,430 shares in the last quarter. 96.86% of the stock is owned by hedge funds and other institutional investors.
Trex Company Profile
Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola 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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