Trex Company, Inc. (NYSE:TREX) posted its earnings results on Monday. The construction company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13, Briefing.com reports. The business had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. Trex had a return on equity of 55.23% and a net margin of 16.61%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS.
Trex (NYSE TREX) opened at 109.45 on Wednesday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 41.97 and a beta of 2.34. Trex has a 52-week low of $50.81 and a 52-week high of $112.39. The company’s 50-day moving average price is $86.50 and its 200 day moving average price is $74.83.
In other Trex news, VP Christopher Paul Gerhard sold 3,920 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $79.69, for a total transaction of $312,384.80. Following the sale, the vice president now directly owns 26,560 shares of the company’s stock, valued at approximately $2,116,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard E. Posey sold 3,167 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.00, for a total value of $253,360.00. Following the sale, the director now directly owns 11,795 shares in the company, valued at $943,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,180 shares of company stock worth $724,206. 0.95% of the stock is owned by insiders.
A number of research firms have recently issued reports on TREX. B. Riley FBR, Inc. raised their price target on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $89.00 price target on shares of Trex in a research note on Wednesday. FBR & Co raised their price target on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Investment Research downgraded Trex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Sidoti downgraded Trex from a “buy” rating to a “neutral” rating and set a $89.00 price target on the stock. in a research note on Monday, October 2nd. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.43.
Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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