Equities analysts forecast that Trex Company Inc (NYSE:TREX) will announce earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Trex’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.33. Trex posted earnings of $0.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 32.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 14th.
According to Zacks, analysts expect that Trex will report full year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.25 to $2.34. For the next year, analysts expect that the business will report earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Trex.
TREX has been the subject of several analyst reports. ValuEngine upgraded Trex from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. SunTrust Banks lowered their price objective on Trex to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 30th. Jefferies Financial Group initiated coverage on Trex in a research report on Wednesday, January 9th. They issued a “hold” rating and a $60.00 price objective for the company. Finally, Sidoti upgraded Trex from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 30th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.29.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TREX. Bank of New York Mellon Corp boosted its position in shares of Trex by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 976,680 shares of the construction company’s stock worth $61,131,000 after buying an additional 495,715 shares during the period. Northern Trust Corp boosted its position in shares of Trex by 104.6% during the second quarter. Northern Trust Corp now owns 792,850 shares of the construction company’s stock worth $49,624,000 after buying an additional 405,349 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Trex during the fourth quarter worth $22,639,000. Renaissance Technologies LLC boosted its position in shares of Trex by 575.9% during the third quarter. Renaissance Technologies LLC now owns 295,200 shares of the construction company’s stock worth $22,724,000 after buying an additional 251,524 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Trex by 2.7% during the third quarter. BlackRock Inc. now owns 9,004,649 shares of the construction company’s stock worth $693,177,000 after buying an additional 235,902 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
Trex stock traded down $0.02 during mid-day trading on Friday, hitting $72.25. The company’s stock had a trading volume of 582,441 shares, compared to its average volume of 447,317. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 2.59 and a beta of 2.00. Trex has a 1 year low of $50.72 and a 1 year high of $90.74.
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.
Featured Article: Balanced Fund
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.