Zacks: Analysts Anticipate Trex Company, Inc. (NYSE:TREX) to Announce $0.54 Earnings Per Share

Equities analysts expect Trex Company, Inc. (NYSE:TREXGet Rating) to post $0.54 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Trex’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.57. Trex reported earnings per share of $0.42 during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Trex will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.37 to $2.50. For the next year, analysts anticipate that the company will post earnings of $2.83 per share, with EPS estimates ranging from $2.69 to $2.98. Zacks’ EPS calculations are an average based on a survey of research firms that cover Trex.

Trex (NYSE:TREXGet Rating) last released its quarterly earnings data on Monday, February 28th. The construction company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $303.96 million during the quarter, compared to analyst estimates of $302.64 million. Trex had a net margin of 17.41% and a return on equity of 36.80%. Trex’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS.

TREX has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Trex from $120.00 to $95.00 in a research note on Tuesday, March 1st. Truist Financial reduced their price objective on shares of Trex from $135.00 to $120.00 in a research note on Tuesday, March 1st. Stifel Nicolaus reduced their price objective on shares of Trex from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, March 1st. Loop Capital reduced their price target on shares of Trex from $132.00 to $118.00 in a research note on Tuesday, March 1st. Finally, Benchmark upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Monday, February 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.82.

A number of large investors have recently modified their holdings of TREX. Truist Financial Corp lifted its holdings in shares of Trex by 6.3% in the first quarter. Truist Financial Corp now owns 11,842 shares of the construction company’s stock worth $773,000 after buying an additional 699 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Trex by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the construction company’s stock worth $1,915,000 after buying an additional 500 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Trex in the first quarter worth $231,000. K.J. Harrison & Partners Inc lifted its holdings in shares of Trex by 6.7% in the first quarter. K.J. Harrison & Partners Inc now owns 16,000 shares of the construction company’s stock worth $1,045,000 after buying an additional 1,000 shares in the last quarter. Finally, HMS Capital Management LLC increased its position in Trex by 1.3% in the first quarter. HMS Capital Management LLC now owns 19,274 shares of the construction company’s stock worth $1,259,000 after purchasing an additional 242 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

NYSE:TREX traded down $1.00 on Friday, reaching $60.58. 1,125,361 shares of the stock traded hands, compared to its average volume of 1,372,620. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 33.47 and a beta of 1.45. Trex has a 12 month low of $60.47 and a 12 month high of $140.98. The company’s fifty day simple moving average is $73.46 and its 200 day simple moving average is $100.32.

About Trex (Get Rating)

Trex Company, Inc manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, 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.

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