Wall Street analysts predict that Trex Company Inc (NYSE:TREX) will post earnings per share of $0.54 for the current quarter, Zacks reports. Five analysts have provided estimates for Trex’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.57. Trex reported earnings per share of $0.43 during the same quarter last year, which suggests a positive year-over-year growth rate of 25.6%. The firm is expected to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Trex will report full year earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $3.11 to $3.17. For the next financial year, analysts forecast that the business will report earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Trex.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. Trex had a return on equity of 51.30% and a net margin of 16.61%. The business had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year.

Several brokerages have recently commented on TREX. Zacks Investment Research lowered shares of Trex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks reiterated a “hold” rating and set a $95.00 target price on shares of Trex in a research report on Wednesday, November 1st. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 target price for the company. in a research report on Monday, October 2nd. B. Riley reiterated a “neutral” rating and set a $96.00 target price (up previously from $80.00) on shares of Trex in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $89.00 target price on shares of Trex in a research report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $93.63.

Trex (NYSE:TREX) traded up $1.92 during midday trading on Friday, reaching $111.34. 237,924 shares of the company’s stock traded hands, compared to its average volume of 226,570. Trex has a 1 year low of $61.57 and a 1 year high of $120.40. The company has a market cap of $3,280.00, a PE ratio of 36.15 and a beta of 2.43.

In other Trex news, VP Jay T. Scripter sold 1,116 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total value of $121,186.44. Following the completion of the sale, the vice president now owns 14,212 shares in the company, valued at approximately $1,543,281.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard E. Posey sold 2,322 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $111.19, for a total transaction of $258,183.18. Following the completion of the sale, the director now owns 11,591 shares of the company’s stock, valued at approximately $1,288,803.29. The disclosure for this sale can be found here. Insiders have sold a total of 7,014 shares of company stock valued at $764,529 in the last quarter. 0.95% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. lifted its position in Trex by 352.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock worth $129,000 after acquiring an additional 1,118 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Trex by 91.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock worth $156,000 after acquiring an additional 1,098 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Trex by 12.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,465 shares of the construction company’s stock worth $167,000 after acquiring an additional 282 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Trex by 13.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,664 shares of the construction company’s stock worth $180,000 after acquiring an additional 322 shares during the period. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Trex in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.

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About Trex

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

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