Trex Company, Inc. Expected to Earn FY2025 Earnings of $2.16 Per Share (NYSE:TREX)

by · The Cerbat Gem

Trex Company, Inc. (NYSE:TREX – Free Report) – DA Davidson cut their FY2025 earnings per share estimates for shares of Trex in a research note issued to investors on Friday, October 11th. DA Davidson analyst K. Yinger now expects that the construction company will post earnings of $2.16 per share for the year, down from their previous forecast of $2.19. DA Davidson currently has a “Neutral” rating and a $80.00 price objective on the stock. The consensus estimate for Trex’s current full-year earnings is $2.04 per share.

Trex (NYSE:TREX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Trex had a net margin of 21.07% and a return on equity of 33.53%. The firm had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.

Several other analysts have also issued reports on the company. Truist Financial dropped their price objective on Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. UBS Group dropped their price target on Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird reduced their price objective on shares of Trex from $88.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Benchmark dropped their price objective on shares of Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, BMO Capital Markets reduced their target price on shares of Trex from $88.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $81.31.

View Our Latest Research Report on TREX

Trex Stock Performance

Shares of TREX stock opened at $65.26 on Monday. Trex has a 52-week low of $53.59 and a 52-week high of $101.91. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.15 and a beta of 1.50. The firm’s 50-day moving average is $64.98 and its 200-day moving average is $77.94.

Hedge Funds Weigh In On Trex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREX. Vanguard Group Inc. boosted its position in shares of Trex by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,314,078 shares of the construction company’s stock worth $1,028,829,000 after acquiring an additional 65,428 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of Trex by 3.2% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock valued at $146,288,000 after purchasing an additional 60,405 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Trex by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock valued at $136,631,000 after purchasing an additional 122,658 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Trex by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock worth $90,752,000 after buying an additional 92,563 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Trex by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock worth $84,803,000 after buying an additional 6,901 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Company Profile

(Get Free Report)

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.

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