Trex (NYSE:TREX) Announces Earnings Results, Beats Expectations By $0.01 EPS

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Trex (NYSE:TREX) posted its quarterly earnings data on Sunday. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01, MarketWatch Earnings reports. Trex had a return on equity of 35.52% and a net margin of 20.53%. The company had revenue of $228.29 million for the quarter, compared to analyst estimates of $215.99 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 38.5% on a year-over-year basis.

NYSE:TREX opened at $100.19 on Tuesday. The firm has a market capitalization of $11.60 billion, a PE ratio of 69.34 and a beta of 1.46. Trex has a twelve month low of $28.11 and a twelve month high of $107.64. The stock’s 50-day simple moving average is $96.23 and its 200 day simple moving average is $81.02.

Several research analysts recently issued reports on the stock. Exane BNP Paribas upgraded shares of Trex from an “underperform” rating to a “neutral” rating and set a $71.00 price target on the stock in a research report on Thursday, November 5th. BNP Paribas raised shares of Trex from an “underperform” rating to a “neutral” rating and set a $71.00 price target for the company in a report on Thursday, November 5th. Barclays increased their price objective on Trex from $82.00 to $99.00 and gave the company an “equal weight” rating in a research report on Tuesday. Robert W. Baird upped their price target on Trex from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group initiated coverage on shares of Trex in a research report on Tuesday, December 8th. They set a “buy” rating and a $94.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $78.17.

About Trex

Trex Company, Inc manufactures and distributes wood and plastic composite products, and related accessories for residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Select, and Trex Enhance protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

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Earnings History for Trex (NYSE:TREX)

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