Trex (TREX) Set to Announce Quarterly Earnings on Thursday

Trex (NYSE:TREX) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $195.75 million during the quarter, compared to analyst estimates of $193.40 million. Trex had a net margin of 18.76% and a return on equity of 31.26%. Trex’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. On average, analysts expect Trex to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trex Price Performance

Shares of NYSE:TREX opened at $93.37 on Tuesday. Trex has a one year low of $51.03 and a one year high of $101.91. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 2.06 and a beta of 1.60. The company’s fifty day moving average price is $93.82 and its 200-day moving average price is $82.29.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TREX shares. DA Davidson raised their price target on Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. UBS Group increased their price target on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Robert W. Baird boosted their price objective on shares of Trex from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group increased their target price on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Benchmark boosted their price target on shares of Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Trex currently has a consensus rating of “Hold” and an average target price of $88.72.

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.