Analysts Expect Trex Company Inc (NYSE:TREX) to Announce $0.64 EPS

Equities research analysts predict that Trex Company Inc (NYSE:TREX) will announce $0.64 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Trex’s earnings, with estimates ranging from $0.61 to $0.67. Trex posted earnings of $0.73 per share in the same quarter last year, which indicates a negative year over year growth rate of 12.3%. The business is scheduled to issue its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that Trex will report full year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.58. For the next financial year, analysts expect that the business will post earnings of $2.83 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Trex.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, April 29th. The construction company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). The firm had revenue of $179.57 million during the quarter, compared to the consensus estimate of $176.75 million. Trex had a net margin of 18.63% and a return on equity of 40.07%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share.

Several equities analysts have commented on the stock. Stifel Nicolaus raised shares of Trex from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $72.00 in a research note on Thursday, March 28th. Zacks Investment Research raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. DA Davidson assumed coverage on shares of Trex in a research note on Friday, April 5th. They set a “buy” rating and a $80.00 target price on the stock. Berenberg Bank reissued a “buy” rating and set a $89.00 target price on shares of Trex in a research note on Wednesday, February 27th. Finally, Sidoti raised shares of Trex from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Friday, March 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $74.00.

Trex stock traded down $0.95 during trading hours on Wednesday, hitting $67.32. 26,645 shares of the company traded hands, compared to its average volume of 840,027. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 2.80 and a beta of 2.06. The company has a current ratio of 2.73, a quick ratio of 2.26 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $65.01. Trex has a 1-year low of $50.88 and a 1-year high of $90.74.

In other news, insider James E. Cline sold 11,980 shares of Trex stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $68.34, for a total value of $818,713.20. Following the transaction, the insider now owns 81,897 shares of the company’s stock, valued at approximately $5,596,840.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jay T. Scripter sold 25,758 shares of Trex stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $69.15, for a total transaction of $1,781,165.70. Following the completion of the transaction, the vice president now directly owns 573 shares in the company, valued at approximately $39,622.95. The disclosure for this sale can be found here. Insiders sold a total of 66,063 shares of company stock worth $4,557,404 in the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc boosted its holdings in shares of Trex by 2.3% during the third quarter. Vanguard Group Inc now owns 5,843,017 shares of the construction company’s stock worth $449,795,000 after purchasing an additional 128,870 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Trex by 69.1% during the first quarter. William Blair Investment Management LLC now owns 2,864,456 shares of the construction company’s stock worth $176,221,000 after purchasing an additional 1,170,545 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of Trex by 11.0% during the first quarter. Wasatch Advisors Inc. now owns 2,108,330 shares of the construction company’s stock worth $129,704,000 after purchasing an additional 208,121 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Trex by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,403,288 shares of the construction company’s stock worth $83,298,000 after purchasing an additional 37,952 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Trex by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,273,936 shares of the construction company’s stock worth $78,372,000 after purchasing an additional 147,097 shares during the period. 96.86% of the stock is currently owned by institutional investors.

About Trex

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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