Trex (NYSE:TREX) Issues Quarterly Earnings Results

Trex (NYSE:TREX - Get Free Report) announced its quarterly earnings results on Monday. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.05, Zacks reports. The firm had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Trex Stock Down 0.3 %

Shares of TREX traded down $0.21 during midday trading on Thursday, reaching $61.34. The company had a trading volume of 757,440 shares, compared to its average volume of 1,322,196. Trex has a 1-year low of $58.68 and a 1-year high of $100.77. The firm has a 50 day simple moving average of $69.34 and a 200-day simple moving average of $68.69. The stock has a market cap of $6.57 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TREX. Truist Financial cut their price target on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday. Citigroup reduced their target price on Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. StockNews.com raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Tuesday. Jefferies Financial Group reduced their price objective on shares of Trex from $81.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Bank of America dropped their target price on shares of Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $78.38.

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.