Trex (TREX) Scheduled to Post Earnings on Monday

Trex (NYSE:TREX) is set to post its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Trex to post earnings of $0.32 per share for the quarter. Trex has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Trex (NYSE:TREX) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, analysts expect Trex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trex Trading Up 1.1 %

Shares of NYSE:TREX opened at $64.62 on Monday. Trex has a 1-year low of $53.59 and a 1-year high of $101.91. The stock has a market capitalization of $7.02 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.19 and a beta of 1.50. The business has a 50-day moving average price of $64.99 and a two-hundred day moving average price of $77.03.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Stephens cut Trex from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $115.00 to $72.00 in a research note on Wednesday, August 7th. Citigroup cut their target price on Trex from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Benchmark decreased their target price on Trex from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Loop Capital cut Trex from a “buy” rating to a “hold” rating and lowered their price target for the company from $95.00 to $75.00 in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $81.31.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.