Trex (TREX) Expected to Announce Earnings on Monday

Trex (NYSE:TREX - Get Free Report) will likely be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $160.48 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Trex Trading Down 2.0 %

NYSE:TREX traded down $1.35 during trading hours on Thursday, reaching $64.97. 1,002,741 shares of the company were exchanged, compared to its average volume of 1,122,862. The firm has a market cap of $6.96 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. Trex has a twelve month low of $58.68 and a twelve month high of $101.91. The stock's 50-day moving average is $70.75 and its 200-day moving average is $68.85.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Barclays decreased their target price on Trex from $68.00 to $67.00 and set an "underweight" rating on the stock in a research report on Tuesday, October 29th. DA Davidson lifted their price target on Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Citigroup reduced their price objective on Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets increased their price objective on shares of Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Trex has a consensus rating of "Hold" and an average price target of $79.81.

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.