Trex (NYSE:TREX) Announces Quarterly Earnings Results

Trex (NYSE:TREX) issued its earnings results on Monday. The construction company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05, Zacks reports. Trex had a net margin of 20.23% and a return on equity of 28.89%.

Trex Price Performance

Shares of NYSE:TREX traded up $1.14 during trading on Monday, reaching $61.72. The company had a trading volume of 4,297,152 shares, compared to its average volume of 1,245,215. The stock’s fifty day moving average price is $70.15 and its 200 day moving average price is $68.73. Trex has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TREX shares. DA Davidson raised their price objective on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Citigroup cut their price target on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Robert W. Baird upped their price objective on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Barclays decreased their target price on Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Finally, BMO Capital Markets raised their price objective on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.