Zacks: Analysts Expect Trex Company Inc (TREX) to Announce $0.59 EPS

Equities research analysts forecast that Trex Company Inc (NYSE:TREX) will post earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Trex’s earnings, with estimates ranging from $0.53 to $0.62. Trex reported earnings per share of $0.63 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The company is scheduled to issue its next earnings report after the market closes on Monday, May 6th.

According to Zacks, analysts expect that Trex will report full year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.46 to $2.75. For the next financial year, analysts expect that the firm will report earnings of $2.90 per share, with EPS estimates ranging from $2.74 to $3.15. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Trex.

Trex (NYSE:TREX) last issued its earnings results on Thursday, February 14th. The construction company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.07. Trex had a net margin of 19.67% and a return on equity of 45.17%. The firm had revenue of $140.00 million during the quarter, compared to analyst estimates of $131.40 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. Trex’s revenue for the quarter was up 14.8% on a year-over-year basis.

TREX has been the subject of a number of research reports. DA Davidson initiated coverage on shares of Trex in a research report on Friday, April 5th. They set a “buy” rating and a $80.00 target price for the company. ValuEngine raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. 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 report on Friday, March 29th. Finally, Jefferies Financial Group assumed coverage on shares of Trex in a research report on Wednesday, January 9th. They set a “hold” rating and a $60.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $74.75.

Shares of NYSE:TREX traded up $0.73 during midday trading on Friday, reaching $76.76. 6,559 shares of the company were exchanged, compared to its average volume of 1,569,336. Trex has a one year low of $50.88 and a one year high of $90.74. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 3.68 and a beta of 1.96.

In related news, insider James E. Cline sold 13,495 shares of Trex stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $77.95, for a total value of $1,051,935.25. Following the completion of the sale, the insider now directly owns 82,391 shares in the company, valued at approximately $6,422,378.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William R. Gupp sold 4,306 shares of Trex stock in a transaction that occurred on 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 of the company’s stock, valued at $5,255,615.64. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can boosted its stake in Trex by 5.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 77,489 shares of the construction company’s stock worth $4,246,000 after purchasing an additional 3,958 shares in the last quarter. Creative Planning boosted its stake in Trex by 10.2% in the 4th quarter. Creative Planning now owns 21,412 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 1,983 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in Trex by 10.9% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 642,985 shares of the construction company’s stock worth $38,168,000 after purchasing an additional 63,314 shares in the last quarter. Legal & General Group Plc boosted its stake in Trex by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 137,819 shares of the construction company’s stock worth $10,691,000 after purchasing an additional 9,738 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Trex by 14.1% in the 4th quarter. Raymond James & Associates now owns 60,638 shares of the construction company’s stock worth $3,599,000 after purchasing an additional 7,497 shares in the last quarter. Institutional investors own 94.24% of the company’s stock.

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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