Research Analysts Set Expectations for Trex FY2025 Earnings

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

A number of other research firms have also recently weighed in on TREX. Loop Capital cut shares of Trex from a "buy" rating to a "hold" rating and decreased their target price for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th. Truist Financial reduced their price objective on Trex from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Citigroup dropped their target price on Trex from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, July 11th. B. Riley reduced their price target on Trex from $107.00 to $97.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Finally, Benchmark lowered their price objective on Trex from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.94.

Trex Stock Performance

Shares of Trex stock traded up $0.29 on Thursday, reaching $70.85. 1,900,544 shares of the stock were exchanged, compared to its average volume of 1,010,030. The firm's 50 day moving average is $65.46 and its 200-day moving average is $75.54. Trex has a one year low of $55.67 and a one year high of $101.91. The firm has a market cap of $7.70 billion, a PE ratio of 32.29, a P/E/G ratio of 2.45 and a beta of 1.50.

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

Institutional Investors Weigh In On Trex

Institutional investors and hedge funds have recently made changes to their positions in the business. Vident Advisory LLC acquired a new stake in Trex during the first quarter worth approximately $4,013,000. Comerica Bank grew its stake in Trex by 3.8% during the first quarter. Comerica Bank now owns 217,435 shares of the construction company's stock worth $21,689,000 after purchasing an additional 8,036 shares during the period. Duality Advisers LP grew its stake in Trex by 54.1% during the first quarter. Duality Advisers LP now owns 47,677 shares of the construction company's stock worth $4,756,000 after purchasing an additional 16,738 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Trex by 28.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 77,642 shares of the construction company's stock worth $7,746,000 after purchasing an additional 17,376 shares during the period. Finally, OFI Invest Asset Management bought a new position in Trex in the second quarter worth approximately $726,000. 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.