Equities research analysts expect that Trex Company Inc (NYSE:TREX) will announce $0.64 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Trex’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.67. Trex posted earnings per share of $0.73 during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.3%. The business is scheduled to issue its next earnings results after the market closes on Monday, July 29th.

On average, analysts expect that Trex will report full year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.20 to $2.58. For the next financial year, analysts expect that the firm will post earnings of $2.83 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Trex.

Trex (NYSE:TREX) last announced its earnings results on Monday, April 29th. The construction company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.05). Trex had a net margin of 18.63% and a return on equity of 40.07%. The business had revenue of $179.57 million during the quarter, compared to analyst estimates of $176.75 million. During the same quarter last year, the business posted $0.63 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year.

A number of brokerages have recently weighed in on TREX. Sidoti upgraded Trex from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Friday, March 29th. Berenberg Bank restated a “buy” rating and issued a $80.00 target price on shares of Trex in a research note on Monday, June 10th. B. Riley restated a “buy” rating on shares of Seabridge Gold in a research note on Tuesday, April 30th. SunTrust Banks raised their target price on FTI Consulting to $88.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, June 4th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Shares of NYSE:TREX traded up $2.21 during midday trading on Friday, reaching $71.54. The company’s stock had a trading volume of 564,700 shares, compared to its average volume of 848,968. Trex has a fifty-two week low of $50.88 and a fifty-two week high of $90.74. The company has a market capitalization of $4.09 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.94 and a beta of 2.12. The company has a quick ratio of 2.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $68.24.

In related news, insider James E. Cline sold 11,980 shares of Trex stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $68.34, for a total value of $818,713.20. Following the completion of the sale, the insider now directly owns 81,897 shares in the company, valued at $5,596,840.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jay T. Scripter sold 25,758 shares of Trex stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $69.15, for a total value of $1,781,165.70. Following the completion of the sale, the vice president now owns 573 shares of the company’s stock, valued at $39,622.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,063 shares of company stock valued at $4,557,404. 0.93% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Brown Advisory Inc. increased its position in Trex by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 15,039 shares of the construction company’s stock worth $893,000 after purchasing an additional 129 shares during the period. FMR LLC grew its position in shares of Trex by 27.9% during the 4th quarter. FMR LLC now owns 632 shares of the construction company’s stock worth $38,000 after buying an additional 138 shares during the period. Curbstone Financial Management Corp grew its position in shares of Trex by 1.0% during the 1st quarter. Curbstone Financial Management Corp now owns 15,440 shares of the construction company’s stock worth $950,000 after buying an additional 150 shares during the period. Harrington Investments INC grew its position in shares of Trex by 3.5% during the 1st quarter. Harrington Investments INC now owns 4,575 shares of the construction company’s stock worth $281,000 after buying an additional 155 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in shares of Trex by 5.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,936 shares of the construction company’s stock worth $234,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 96.86% of the company’s stock.

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.

Further Reading: Forex

Get a free copy of the Zacks research report on Trex (TREX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Trex (NYSE:TREX)

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.