What is William Blair's Estimate for Trex FY2024 Earnings?

Trex Company, Inc. (NYSE:TREX - Free Report) - Stock analysts at William Blair boosted their FY2024 EPS estimates for Trex in a research report issued on Thursday, January 23rd. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $2.05 for the year, up from their previous forecast of $2.04. The consensus estimate for Trex's current full-year earnings is $2.05 per share. William Blair also issued estimates for Trex's Q2 2025 earnings at $0.80 EPS, FY2025 earnings at $2.31 EPS and FY2026 earnings at $2.77 EPS.

Several other research firms also recently issued reports on TREX. Barclays cut their price objective on Trex from $68.00 to $67.00 and set an "underweight" rating on the stock in a report on Tuesday, October 29th. DA Davidson boosted their price target on shares of Trex from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Robert W. Baird raised their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Jefferies Financial Group cut their target price on shares of Trex from $77.00 to $73.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup decreased their target price on Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Trex has a consensus rating of "Hold" and an average target price of $79.81.

Trex Trading Down 0.9 %

Shares of Trex stock traded down $0.67 on Friday, reaching $73.77. 779,818 shares of the company were exchanged, compared to its average volume of 979,588. Trex has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. The stock has a fifty day moving average price of $72.20 and a 200-day moving average price of $70.19.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The firm's quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Trex in the 3rd quarter valued at approximately $30,000. Avior Wealth Management LLC grew its holdings in Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after purchasing an additional 473 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Trex in the fourth quarter valued at approximately $41,000. UMB Bank n.a. lifted its stake in shares of Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock worth $43,000 after buying an additional 392 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company's stock worth $45,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

About Trex

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.