$0.53 EPS Expected for Trex Company Inc (TREX) This Quarter

Wall Street brokerages predict that Trex Company Inc (NYSE:TREX) will post $0.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Trex’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.57. Trex reported earnings of $0.34 per share in the same quarter last year, which would indicate a positive year over year growth rate of 55.9%. The company is expected to announce its next earnings results on Monday, October 29th.

According to Zacks, analysts expect that Trex will report full year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.58. For the next year, analysts expect that the company will report earnings of $2.59 per share, with EPS estimates ranging from $2.51 to $2.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Trex.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, July 30th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.08. The firm had revenue of $206.69 million during the quarter, compared to the consensus estimate of $190.80 million. Trex had a net margin of 18.48% and a return on equity of 46.45%. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share.

Several brokerages have issued reports on TREX. Sidoti downgraded shares of Trex from a “buy” rating to a “neutral” rating in a research report on Friday, August 10th. ValuEngine downgraded shares of Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.58.

Shares of TREX stock opened at $71.90 on Tuesday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 45.51 and a beta of 2.39. Trex has a 12-month low of $41.81 and a 12-month high of $90.74.

In other news, SVP William R. Gupp sold 5,460 shares of Trex stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $77.75, for a total value of $424,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jay T. Scripter sold 11,812 shares of Trex stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $78.34, for a total transaction of $925,352.08. Following the completion of the sale, the vice president now owns 37,696 shares of the company’s stock, valued at $2,953,104.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,175 shares of company stock valued at $2,057,493. 1.17% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Trex by 100.0% in the second quarter. Advisory Services Network LLC now owns 2,000 shares of the construction company’s stock valued at $133,000 after acquiring an additional 1,000 shares during the last quarter. Whittier Trust Co. increased its stake in Trex by 100.0% in the second quarter. Whittier Trust Co. now owns 2,958 shares of the construction company’s stock valued at $185,000 after acquiring an additional 1,479 shares during the last quarter. Bank of Montreal Can bought a new position in Trex in the second quarter valued at approximately $187,000. US Bancorp DE increased its stake in Trex by 100.0% in the second quarter. US Bancorp DE now owns 3,084 shares of the construction company’s stock valued at $193,000 after acquiring an additional 1,542 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new position in Trex in the second quarter valued at approximately $210,000. Institutional investors own 89.60% of the company’s stock.

About Trex

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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