Zacks: Analysts Expect Trex Company Inc (NYSE:TREX) Will Announce Earnings of $0.64 Per Share

Wall Street analysts expect Trex Company Inc (NYSE:TREX) to announce earnings of $0.64 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Trex’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.67. Trex posted earnings per share of $0.73 during the same quarter last year, which indicates a negative year over year growth rate of 12.3%. The business is expected to issue its next 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 year, with EPS estimates ranging from $2.20 to $2.58. For the next fiscal year, analysts expect that the business will report earnings of $2.83 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Trex.

Trex (NYSE:TREX) last posted its earnings results on Monday, April 29th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Trex had a return on equity of 40.07% and a net margin of 18.63%. The business had revenue of $179.57 million for the quarter, compared to the consensus estimate of $176.75 million. During the same period in the previous year, the company posted $0.63 earnings per share. Trex’s revenue for the quarter was up 4.9% compared to the same quarter last year.

TREX has been the subject of a number of research reports. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. B. Riley cut Trex from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $72.00 in a research note on Tuesday, April 30th. SunTrust Banks lowered their target price on Trex to $63.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Sidoti raised Trex from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Friday, March 29th. Finally, Berenberg Bank reissued a “buy” rating and set a $80.00 target price on shares of Trex in a research note on Monday, June 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $74.00.

In other news, SVP William R. Gupp sold 4,563 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $68.69, for a total transaction of $313,432.47. Following the completion of the transaction, the senior vice president now directly owns 63,945 shares of the company’s stock, valued at approximately $4,392,382.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James E. Cline sold 11,980 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $68.34, for a total transaction of $818,713.20. Following the transaction, the insider now directly owns 81,897 shares of the company’s stock, valued at $5,596,840.98. The disclosure for this sale can be found here. Insiders have sold a total of 66,063 shares of company stock valued at $4,557,404 over the last ninety days. Company insiders own 0.93% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TREX. Advisors Preferred LLC acquired a new stake in Trex during the 1st quarter valued at $26,000. CENTRAL TRUST Co lifted its holdings in Trex by 189.7% during the 1st quarter. CENTRAL TRUST Co now owns 504 shares of the construction company’s stock valued at $31,000 after purchasing an additional 330 shares during the last quarter. FMR LLC lifted its holdings in Trex by 27.9% during the 4th quarter. FMR LLC now owns 632 shares of the construction company’s stock valued at $38,000 after purchasing an additional 138 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Trex by 30.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 850 shares of the construction company’s stock valued at $50,000 after purchasing an additional 200 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Trex during the 1st quarter valued at $60,000. 96.86% of the stock is owned by institutional investors.

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

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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Earnings History and Estimates for Trex (NYSE:TREX)

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