Trex (TREX) to Release Earnings on Monday

Trex (NYSE:TREX) is anticipated to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $160.48 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Trex Trading Down 6.8 %

TREX opened at $60.59 on Friday. The stock has a market capitalization of $6.49 billion, a PE ratio of 27.66, a PEG ratio of 2.51 and a beta of 1.51. Trex has a 1-year low of $58.68 and a 1-year high of $101.91. The firm has a 50-day moving average price of $70.15 and a two-hundred day moving average price of $68.67.

Analyst Ratings Changes

Several equities research analysts have weighed in on TREX shares. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets lifted their price objective on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. DA Davidson lifted their price target on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted their price target on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Barclays lowered their target price on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $79.81.

Trex Company Profile

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.