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.
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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.
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