William Blair Issues Pessimistic Outlook for Trex Earnings

Trex Company, Inc. (NYSE:TREX) – Analysts at William Blair lowered their Q4 2024 earnings per share estimates for Trex in a research report issued to clients and investors on Tuesday, October 29th. William Blair analyst R. Merkel now expects that the construction company will earn $0.04 per share for the quarter, down from their prior estimate of $0.06. The consensus estimate for Trex’s current full-year earnings is $2.04 per share. William Blair also issued estimates for Trex’s Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.25 EPS and FY2026 earnings at $2.70 EPS.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. During the same quarter in the prior year, the company posted $0.57 EPS. Trex’s quarterly revenue was down 23.1% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on TREX. Stephens cut shares of Trex from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $115.00 to $72.00 in a research report on Wednesday, August 7th. BMO Capital Markets increased their price objective on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday. Truist Financial decreased their target price on Trex from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Citigroup lowered their target price on Trex from $94.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, Jefferies Financial Group cut their price target on Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.94.

Trex Trading Up 0.4 %

NYSE TREX opened at $70.85 on Wednesday. The stock has a market cap of $7.70 billion, a PE ratio of 32.35, a PEG ratio of 2.45 and a beta of 1.50. Trex has a 12 month low of $55.67 and a 12 month high of $101.91. The company’s 50-day moving average price is $65.46 and its 200-day moving average price is $75.54.

Institutional Investors Weigh In On Trex

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Advisory LLC acquired a new position in shares of Trex during the first quarter worth $4,013,000. Comerica Bank increased its position in Trex by 3.8% during the 1st quarter. Comerica Bank now owns 217,435 shares of the construction company’s stock valued at $21,689,000 after buying an additional 8,036 shares in the last quarter. Duality Advisers LP raised its stake in Trex by 54.1% in the first quarter. Duality Advisers LP now owns 47,677 shares of the construction company’s stock valued at $4,756,000 after buying an additional 16,738 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Trex by 28.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 77,642 shares of the construction company’s stock worth $7,746,000 after acquiring an additional 17,376 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Trex during the second quarter worth about $726,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

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.