Trex (TREX) Scheduled to Post Quarterly Earnings on Thursday

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

Trex (NYSE:TREX) last released its earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. 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

NYSE TREX opened at $89.13 on Thursday. Trex has a 12 month low of $51.03 and a 12 month high of $101.91. The company has a 50-day moving average of $93.95 and a 200-day moving average of $81.38. The company has a market cap of $9.68 billion, a P/E ratio of 47.16, a P/E/G ratio of 2.02 and a beta of 1.60.

Analyst Ratings Changes

TREX has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. DA Davidson increased their target price on shares of Trex from $80.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. UBS Group increased their target price on shares of Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, Truist Financial lifted their price objective on shares of Trex from $70.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.72.

About Trex

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.