Q4 2021 Earnings Estimate for Trex Company, Inc. (NYSE:TREX) Issued By Jefferies Financial Group

Trex Company, Inc. (NYSE:TREX) – Investment analysts at Jefferies Financial Group cut their Q4 2021 earnings per share (EPS) estimates for shares of Trex in a research note issued on Tuesday, January 11th. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.53. Jefferies Financial Group also issued estimates for Trex’s Q4 2022 earnings at $0.57 EPS.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, November 8th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. Trex had a net margin of 20.21% and a return on equity of 35.57%. The business had revenue of $335.87 million during the quarter, compared to the consensus estimate of $326.01 million. During the same quarter last year, the firm posted $0.41 EPS. Trex’s revenue was up 45.1% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded Trex from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Wednesday. B. Riley lifted their target price on Trex from $108.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 9th. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Trex from $98.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, November 9th. Stephens boosted their price objective on Trex from $120.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, November 9th. Finally, JPMorgan Chase & Co. cut Trex from a “neutral” rating to an “underweight” rating and set a $135.00 price objective on the stock. in a research note on Wednesday, December 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.75.

Shares of NYSE:TREX opened at $106.95 on Thursday. The stock’s fifty day simple moving average is $130.07 and its two-hundred day simple moving average is $112.90. Trex has a 1-year low of $81.76 and a 1-year high of $140.98. The stock has a market cap of $12.31 billion, a PE ratio of 54.57 and a beta of 1.37.

Several institutional investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. lifted its holdings in Trex by 50.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 337,153 shares of the construction company’s stock valued at $20,742,000 after acquiring an additional 113,161 shares during the period. HighTower Advisors LLC raised its stake in shares of Trex by 14.2% in the second quarter. HighTower Advisors LLC now owns 4,433 shares of the construction company’s stock worth $451,000 after buying an additional 551 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Trex by 519.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 793 shares of the construction company’s stock worth $81,000 after buying an additional 665 shares during the period. Van ECK Associates Corp raised its stake in shares of Trex by 128.7% in the second quarter. Van ECK Associates Corp now owns 1,800 shares of the construction company’s stock worth $184,000 after buying an additional 1,013 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Trex by 279.4% in the second quarter. BNP Paribas Arbitrage SA now owns 79,238 shares of the construction company’s stock worth $8,099,000 after buying an additional 58,354 shares during the period. 92.78% of the stock is currently owned by institutional investors.

In other news, CEO Bryan Horix Fairbanks sold 3,508 shares of the stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $127.89, for a total value of $448,638.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael F. Golden sold 4,795 shares of the stock in a transaction on Thursday, December 2nd. The stock was sold at an average price of $133.53, for a total value of $640,276.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,274 shares of company stock valued at $2,123,699. 0.69% of the stock is owned by corporate insiders.

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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Earnings History and Estimates for Trex (NYSE:TREX)

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