Trex (TREX) Releases Earnings Results, Beats Expectations By $0.05 EPS

Trex (NYSE:TREX) announced its earnings results on Monday. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05, MarketWatch Earnings reports. Trex had a return on equity of 49.41% and a net margin of 19.16%. The business had revenue of $166.38 million for the quarter, compared to analyst estimates of $173.10 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Trex updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

NYSE TREX opened at $60.03 on Wednesday. Trex has a twelve month low of $48.06 and a twelve month high of $90.74. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 37.99 and a beta of 2.39.

In other news, VP Christopher Paul Gerhard sold 2,990 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total transaction of $249,904.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank H. Merlotti, Jr. sold 3,051 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $77.39, for a total transaction of $236,116.89. Following the transaction, the director now owns 24,242 shares in the company, valued at $1,876,088.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,501 shares of company stock worth $910,536. Corporate insiders own 1.17% of the company’s stock.

A number of equities analysts recently commented on TREX shares. Sidoti upgraded Trex from a “neutral” rating to a “buy” rating in a research note on Tuesday. SunTrust Banks decreased their target price on Trex to $58.00 and set a “hold” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $34.29.

Trex Company Profile

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.

Recommended Story: What are the risks of holding treasury bonds?

Earnings History for Trex (NYSE:TREX)

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.

Leave a Reply