$0.54 Earnings Per Share Expected for Trex Company Inc (TREX) This Quarter

Equities research analysts forecast that Trex Company Inc (NYSE:TREX) will post earnings per share (EPS) of $0.54 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Trex’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.57. Trex posted earnings per share of $0.43 in the same quarter last year, which indicates a positive year-over-year growth rate of 25.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Trex will report full-year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $2.98 to $3.17. For the next financial year, analysts forecast that the business will post earnings of $3.53 per share, with EPS estimates ranging from $3.30 to $3.66. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Trex.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13. Trex had a net margin of 16.61% and a return on equity of 51.30%. The business had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $125.30 million. During the same period last year, the company posted $0.26 EPS. The company’s revenue was up 32.0% on a year-over-year basis.

A number of brokerages have recently weighed in on TREX. Zacks Investment Research cut shares of Trex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised shares of Trex from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 target price on shares of Trex in a research note on Wednesday, November 1st. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 target price for the company. in a research note on Monday, October 2nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $96.00 target price (up from $80.00) on shares of Trex in a research note on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.00.

Shares of Trex (NYSE TREX) traded up $0.72 on Friday, hitting $109.11. 197,300 shares of the stock were exchanged, compared to its average volume of 234,993. Trex has a fifty-two week low of $61.57 and a fifty-two week high of $118.65. The stock has a market cap of $3,189.36, a PE ratio of 35.77 and a beta of 2.43.

In other Trex news, Director Richard E. Posey sold 2,322 shares of Trex stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $111.19, for a total value of $258,183.18. Following the transaction, the director now owns 11,591 shares in the company, valued at approximately $1,288,803.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jay T. Scripter sold 1,116 shares of Trex stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total transaction of $121,186.44. Following the completion of the transaction, the vice president now owns 14,212 shares in the company, valued at approximately $1,543,281.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,014 shares of company stock worth $764,529. 0.95% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Trust Group LLC acquired a new position in shares of Trex during the 3rd quarter valued at $1,284,000. California Public Employees Retirement System lifted its holdings in shares of Trex by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 125,798 shares of the construction company’s stock valued at $11,331,000 after acquiring an additional 4,998 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Trex by 4.4% during the 3rd quarter. Bamco Inc. NY now owns 1,185,205 shares of the construction company’s stock valued at $106,751,000 after acquiring an additional 49,870 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Trex by 27.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,546 shares of the construction company’s stock valued at $228,000 after acquiring an additional 553 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new position in shares of Trex during the 3rd quarter valued at $1,441,000. Institutional investors own 88.92% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/01/13/0-54-earnings-per-share-expected-for-trex-company-inc-trex-this-quarter-updated-updated.html.

About Trex

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

Get a free copy of the Zacks research report on Trex (TREX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply