Trex Company Inc (NYSE:TREX) – Equities research analysts at SunTrust Banks increased their Q3 2020 earnings per share (EPS) estimates for shares of Trex in a report issued on Wednesday, July 8th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $0.74 per share for the quarter, up from their previous forecast of $0.54. SunTrust Banks also issued estimates for Trex’s FY2020 earnings at $2.81 EPS and Q1 2021 earnings at $0.82 EPS.

A number of other research firms also recently weighed in on TREX. DA Davidson reduced their price target on Trex from $104.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, March 31st. Benchmark upped their price objective on Trex from $116.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. They noted that the move was a valuation call. Deutsche Bank upped their price objective on Trex from $88.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Stephens reissued a “hold” rating and set a $100.00 target price on shares of Trex in a report on Wednesday, May 6th. Finally, B. Riley increased their target price on Trex from $100.00 to $125.00 in a report on Tuesday, July 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $114.58.

Shares of TREX opened at $122.74 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.25 and a current ratio of 2.75. The stock has a 50 day simple moving average of $122.66 and a 200 day simple moving average of $101.34. Trex has a 52-week low of $56.22 and a 52-week high of $135.32. The firm has a market capitalization of $7.19 billion, a PE ratio of 45.97 and a beta of 1.71.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, May 4th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.13. Trex had a return on equity of 36.67% and a net margin of 20.31%. The business had revenue of $200.40 million during the quarter, compared to analyst estimates of $196.40 million. During the same period in the previous year, the firm earned $0.54 EPS. Trex’s quarterly revenue was up 11.6% compared to the same quarter last year.

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Trex by 56.5% in the first quarter. Parallel Advisors LLC now owns 313 shares of the construction company’s stock valued at $25,000 after buying an additional 113 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Trex during the 1st quarter valued at $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Trex during the 1st quarter valued at $31,000. HHM Wealth Advisors LLC purchased a new position in Trex during the first quarter worth about $32,000. Finally, Pearl River Capital LLC purchased a new position in Trex during the first quarter worth about $40,000.

Trex Company Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Earnings History and Estimates for Trex (NYSE:TREX)

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