News headlines about Trex (NYSE:TREX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trex earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 45.1951377221774 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
- Global Natural Fiber Reinforced Composites Market Analysis 2018 -23: Trex Company Inc, Procotex SA Corporation … (greenenergy24.com)
- Stock Watch: Following the Consensus Target Price for Trex Company, Inc. (NYSE:TREX) (baycityobserver.com)
- A Favorite Among Institutions: Trex Company, Inc. (NYSE:TREX) (baycityobserver.com)
- Trex: Strong Fundamentals Will Reward Long-Term Investors (seekingalpha.com)
- Analysts Anticipate Trex Company Inc (TREX) to Announce $0.53 EPS (americanbankingnews.com)
A number of brokerages have weighed in on TREX. Sidoti downgraded Trex from a “buy” rating to a “neutral” rating in a report on Friday, August 10th. ValuEngine downgraded Trex from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, Zacks Investment Research raised Trex from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Thursday, May 10th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.58.
Shares of TREX opened at $85.23 on Friday. Trex has a 52 week low of $37.97 and a 52 week high of $87.40. The firm has a market capitalization of $4.97 billion, a PE ratio of 53.94 and a beta of 2.39.
Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 30th. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.08. Trex had a return on equity of 46.45% and a net margin of 18.48%. The company had revenue of $206.69 million during the quarter, compared to analysts’ expectations of $190.80 million. During the same period in the prior year, the company earned $0.97 EPS. Trex’s revenue was up 30.9% compared to the same quarter last year. sell-side analysts predict that Trex will post 2.26 earnings per share for the current fiscal year.
In other news, Director Richard E. Posey sold 2,862 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $77.43, for a total value of $221,604.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Paul Gerhard sold 2,990 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total value of $249,904.20. The disclosure for this sale can be found here. Insiders sold a total of 26,175 shares of company stock valued at $2,057,493 over the last quarter. 0.95% of the stock is owned by corporate insiders.
Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.
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