Trex (TREX) to Release Quarterly Earnings on Monday

Trex (NYSE:TREX) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $160.48 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Trex Price Performance

NYSE TREX opened at $60.59 on Friday. The company’s 50 day simple moving average is $70.15 and its 200 day simple moving average is $68.72. Trex has a 12 month low of $58.68 and a 12 month high of $101.91. The company has a market capitalization of $6.49 billion, a P/E ratio of 27.66, a PEG ratio of 2.56 and a beta of 1.51.

Wall Street Analyst Weigh In

TREX has been the topic of a number of research reports. DA Davidson boosted their target price on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. BMO Capital Markets lifted their target price on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Citigroup dropped their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Robert W. Baird lifted their target price on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $79.81.

Trex Company Profile

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.