Trex (TREX) Scheduled to Post Quarterly Earnings on Monday

Trex (NYSE:TREX) will be posting 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm 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%. Trex’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 company 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 Price Performance

NYSE:TREX opened at $64.35 on Friday. The firm has a market capitalization of $6.99 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.50. The business’s fifty day moving average price is $65.18 and its 200 day moving average price is $76.16. Trex has a 12 month low of $54.09 and a 12 month high of $101.91.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. B. Riley dropped their target price on Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group dropped their price objective on Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. UBS Group dropped their price objective on Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Truist Financial dropped their price objective on Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Bank of America dropped their price objective on Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Trex currently has an average rating of “Hold” and a consensus price target of $80.38.

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.