Trex (NYSE:TREX) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Trex (NYSE:TREX) announced its quarterly earnings results on Sunday. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01, MarketWatch Earnings reports. Trex had a net margin of 20.53% and a return on equity of 35.52%. The firm had revenue of $228.29 million during the quarter, compared to analysts’ expectations of $215.99 million. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue was up 38.5% compared to the same quarter last year.

Trex stock traded down $9.03 during mid-day trading on Tuesday, reaching $91.16. 93,318 shares of the company traded hands, compared to its average volume of 721,651. Trex has a fifty-two week low of $28.11 and a fifty-two week high of $107.64. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 62.58 and a beta of 1.46. The firm’s fifty day moving average is $96.23 and its two-hundred day moving average is $81.02.

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Trex from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, January 27th. Barclays upped their price target on shares of Trex from $82.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Truist boosted their price objective on shares of Trex from $73.00 to $100.00 in a research note on Tuesday. Finally, Exane BNP Paribas upgraded shares of Trex from an “underperform” rating to a “neutral” rating and set a $71.00 price objective for the company in a research note on Thursday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $80.78.

Trex Company Profile

Trex Company, Inc manufactures and distributes wood and plastic composite products, and related accessories for residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Select, and Trex Enhance protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

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Earnings History for Trex (NYSE:TREX)

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