Brokerages predict that Trex Company Inc (NYSE:TREX) will post sales of $176.32 million for the current quarter, according to Zacks. Six analysts have made estimates for Trex’s earnings, with estimates ranging from $175.40 million to $176.64 million. Trex posted sales of $171.21 million during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The company is expected to report its next earnings report after the market closes on Monday, May 6th.
On average, analysts expect that Trex will report full year sales of $751.30 million for the current financial year, with estimates ranging from $722.60 million to $793.95 million. For the next financial year, analysts expect that the business will report sales of $839.05 million, with estimates ranging from $812.30 million to $887.26 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Trex.
Trex (NYSE:TREX) last released its earnings results on Thursday, February 14th. The construction company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Trex had a return on equity of 45.17% and a net margin of 19.67%. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $131.40 million. During the same quarter last year, the company earned $0.56 earnings per share. Trex’s quarterly revenue was up 14.8% compared to the same quarter last year.
TREX has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on Trex in a research report on Wednesday, January 9th. They issued a “hold” rating and a $60.00 price target for the company. Sidoti upgraded Trex from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Friday, March 29th. B. Riley restated a “buy” rating and issued a $80.00 price target (up previously from $71.00) on shares of Trex in a research report on Friday, February 15th. Berenberg Bank restated a “buy” rating and issued a $89.00 price target on shares of Trex in a research report on Wednesday, February 27th. Finally, ValuEngine upgraded Trex from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $74.75.
Shares of TREX stock traded up $0.73 during mid-day trading on Friday, reaching $76.76. The stock had a trading volume of 6,559 shares, compared to its average volume of 1,569,336. Trex has a 12-month low of $50.88 and a 12-month high of $90.74. The stock has a market cap of $4.49 billion, a P/E ratio of 32.53, a P/E/G ratio of 3.68 and a beta of 1.96.
In related news, SVP William R. Gupp sold 4,306 shares of Trex stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $76.74, for a total transaction of $330,442.44. Following the completion of the sale, the senior vice president now owns 68,486 shares in the company, valued at approximately $5,255,615.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James E. Cline sold 13,495 shares of Trex stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $77.95, for a total value of $1,051,935.25. Following the sale, the insider now owns 82,391 shares of the company’s stock, valued at approximately $6,422,378.45. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TREX. JPMorgan Chase & Co. grew its holdings in Trex by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,097,263 shares of the construction company’s stock valued at $84,467,000 after buying an additional 32,774 shares during the period. Tower Research Capital LLC TRC grew its holdings in Trex by 3,431.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,520 shares of the construction company’s stock valued at $348,000 after buying an additional 4,392 shares during the period. Riverhead Capital Management LLC grew its holdings in Trex by 25.3% in the 3rd quarter. Riverhead Capital Management LLC now owns 7,434 shares of the construction company’s stock valued at $572,000 after buying an additional 1,500 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Trex by 575.9% in the 3rd quarter. Renaissance Technologies LLC now owns 295,200 shares of the construction company’s stock valued at $22,724,000 after purchasing an additional 251,524 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Trex in the 3rd quarter valued at about $631,000. Hedge funds and other institutional investors own 94.24% of the company’s stock.
Trex Company Profile
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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