Trex (NYSE:TREX) Announces Earnings Results

Trex (NYSE:TREX) issued its earnings results on Monday. The construction company reported $0.09 EPS for the quarter, topping 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 Stock Performance

Trex stock traded up $1.14 during trading on Monday, hitting $61.72. The company’s stock 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 is $70.15 and its 200 day moving average is $68.73. Trex has a 1-year low of $58.68 and a 1-year high of $101.91. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.51.

Analysts Set New Price Targets

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