Research Analysts Offer Predictions for Trex FY2025 Earnings

Trex Company, Inc. (NYSE:TREX - Free Report) - Stock analysts at DA Davidson increased their FY2025 earnings per share estimates for Trex in a research report issued on Tuesday, October 29th. DA Davidson analyst K. Yinger now anticipates that the construction company will post earnings per share of $2.21 for the year, up from their previous forecast of $2.16. DA Davidson has a "Neutral" rating and a $74.00 price target on the stock. The consensus estimate for Trex's current full-year earnings is $2.04 per share.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million during the quarter, compared to analysts' expectations of $225.42 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. Trex's quarterly revenue was down 23.1% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share.

A number of other brokerages have also recently issued reports on TREX. JPMorgan Chase & Co. cut their price objective on Trex from $95.00 to $69.00 and set a "neutral" rating for the company in a report on Monday, August 12th. Loop Capital cut Trex from a "buy" rating to a "hold" rating and cut their price objective for the company from $95.00 to $75.00 in a report on Wednesday, August 7th. The Goldman Sachs Group cut their price objective on Trex from $114.00 to $93.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. Robert W. Baird raised their target price on Trex from $70.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on Trex from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Trex currently has a consensus rating of "Hold" and an average price target of $79.94.

Trex Stock Performance

Shares of NYSE TREX traded up $0.44 during midday trading on Thursday, reaching $71.00. 974,446 shares of the company traded hands, compared to its average volume of 1,005,641. The firm has a market cap of $7.72 billion, a PE ratio of 32.29, a PEG ratio of 2.45 and a beta of 1.50. The stock's 50-day simple moving average is $65.46 and its 200-day simple moving average is $75.54. Trex has a 12 month low of $55.67 and a 12 month high of $101.91.

Institutional Investors Weigh In On Trex

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its stake in shares of Trex by 11.3% during the 1st quarter. Covestor Ltd now owns 1,213 shares of the construction company's stock worth $121,000 after purchasing an additional 123 shares in the last quarter. Harrington Investments INC increased its holdings in shares of Trex by 1.4% during the 2nd quarter. Harrington Investments INC now owns 9,807 shares of the construction company's stock worth $727,000 after acquiring an additional 140 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Trex by 4.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company's stock worth $394,000 after acquiring an additional 173 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Trex by 2.6% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,055 shares of the construction company's stock worth $523,000 after acquiring an additional 176 shares during the last quarter. Finally, Values First Advisors Inc. increased its holdings in shares of Trex by 3.6% during the 2nd quarter. Values First Advisors Inc. now owns 6,700 shares of the construction company's stock worth $497,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.