Trex (NYSE:TREX) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Trex (NYSE:TREX) posted its earnings results on Monday. The construction company reported $0.09 earnings per share 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 Up 1.9 %

Shares of TREX stock traded up $1.14 during trading on Monday, reaching $61.72. The company’s stock had a trading volume of 4,326,459 shares, compared to its average volume of 1,259,313. The company has a market cap 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. Trex has a one year low of $58.68 and a one year high of $101.91. The business has a fifty day moving average price of $70.15 and a 200-day moving average price of $68.73.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TREX. Robert W. Baird raised their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. DA Davidson boosted their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Citigroup decreased their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets raised their price target on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Two 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 company. According to data from MarketBeat, Trex currently has a consensus rating of “Hold” and an average 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.