Trex (TREX) to Release Earnings on Tuesday

Trex (NYSE:TREX) is set to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Trex has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Trex (NYSE:TREX) last announced its quarterly earnings data on Thursday, May 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.10. Trex had a return on equity of 35.33% and a net margin of 20.60%. The business had revenue of $373.64 million during the quarter, compared to analyst estimates of $367.31 million. During the same period last year, the company earned $0.38 earnings per share. Trex’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, analysts expect Trex to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trex Trading Down 3.9 %

Shares of NYSE:TREX opened at $77.26 on Monday. Trex has a 1 year low of $53.59 and a 1 year high of $101.91. The business has a fifty day simple moving average of $80.28 and a 200 day simple moving average of $87.25. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.85 and a beta of 1.50.

Analyst Upgrades and Downgrades

TREX has been the topic of several recent research reports. Citigroup cut their target price on Trex from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. DA Davidson cut their target price on Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Loop Capital cut their target price on Trex from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and issued a $105.00 price target on shares of Trex in a research report on Tuesday, May 14th. Finally, The Goldman Sachs Group lowered their price target on Trex from $114.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $91.27.

Insider Buying and Selling

In related news, SVP Jacob T. Rudolph sold 16,440 shares of Trex stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $90.90, for a total transaction of $1,494,396.00. Following the sale, the senior vice president now directly owns 25,746 shares of the company’s stock, valued at $2,340,311.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

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.