Trex Company Inc (NYSE:TREX) Expected to Post Earnings of $0.51 Per Share

Analysts predict that Trex Company Inc (NYSE:TREX) will announce earnings per share of $0.51 for the current quarter, Zacks reports. Seven analysts have made estimates for Trex’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.47. Trex reported earnings per share of $0.43 during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The business is expected to report its next earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Trex will report full-year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.36 to $2.51. For the next fiscal year, analysts anticipate that the company will report earnings of $2.93 per share, with EPS estimates ranging from $2.81 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Trex.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Trex had a return on equity of 35.80% and a net margin of 18.65%. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $208.12 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis.

Several analysts have issued reports on the stock. William Blair assumed coverage on shares of Trex in a research report on Thursday, August 22nd. They set an “outperform” rating on the stock. Exane BNP Paribas assumed coverage on shares of Trex in a research report on Wednesday, October 9th. They issued an “underperform” rating for the company. DA Davidson restated a “positive” rating and set a $102.00 price objective on shares of Trex in a research note on Tuesday, October 29th. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday. Finally, Deutsche Bank assumed coverage on Trex in a research report on Wednesday, November 27th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.80.

Shares of NYSE:TREX traded down $0.17 during midday trading on Tuesday, hitting $84.78. The stock had a trading volume of 389,486 shares, compared to its average volume of 746,000. Trex has a 12 month low of $53.48 and a 12 month high of $93.63. The company has a quick ratio of 3.02, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $88.26 and its 200-day simple moving average is $79.60. The company has a market cap of $4.95 billion, a P/E ratio of 36.08, a PEG ratio of 3.57 and a beta of 1.90.

In related news, Director Jay M. Gratz sold 2,792 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.46, for a total value of $233,020.32. Following the transaction, the director now directly owns 15,651 shares in the company, valued at $1,306,232.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bryan Horix Fairbanks sold 11,435 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $83.92, for a total transaction of $959,625.20. Following the completion of the transaction, the chief financial officer now owns 46,318 shares in the company, valued at $3,887,006.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,388 shares of company stock worth $1,802,560. 0.93% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TREX. TRUE Private Wealth Advisors bought a new position in shares of Trex during the second quarter worth approximately $43,000. Penserra Capital Management LLC raised its position in shares of Trex by 25.0% in the third quarter. Penserra Capital Management LLC now owns 730 shares of the construction company’s stock valued at $66,000 after buying an additional 146 shares in the last quarter. Advisor Group Inc. raised its position in shares of Trex by 31.6% in the second quarter. Advisor Group Inc. now owns 1,009 shares of the construction company’s stock valued at $72,000 after buying an additional 242 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Trex by 6.0% in the second quarter. ETF Managers Group LLC now owns 2,790 shares of the construction company’s stock valued at $194,000 after buying an additional 159 shares during the period. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Trex in the third quarter valued at approximately $217,000. 96.87% 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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Earnings History and Estimates for Trex (NYSE:TREX)

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