Trex (TREX) to Release Quarterly Earnings on Monday

Trex (NYSE:TREX) is expected to be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Trex to post earnings of $0.04 per share and revenue of $160.48 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Trex Stock Down 6.8 %

TREX stock opened at $60.59 on Friday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.56 and a beta of 1.51. Trex has a 12 month low of $58.68 and a 12 month high of $101.91. The firm has a 50 day moving average of $70.15 and a two-hundred day moving average of $68.72.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Barclays reduced their price objective on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Finally, Citigroup reduced their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.81.

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.