Wall Street brokerages expect Trex Company Inc (NYSE:TREX) to announce $131.01 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Trex’s earnings, with the lowest sales estimate coming in at $130.98 million and the highest estimate coming in at $131.10 million. Trex posted sales of $122.21 million during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, February 14th.
On average, analysts expect that Trex will report full year sales of $677.70 million for the current financial year, with estimates ranging from $675.26 million to $681.30 million. For the next year, analysts expect that the firm will report sales of $741.99 million, with estimates ranging from $701.90 million to $755.79 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Trex.
Several analysts have recently weighed in on TREX shares. Zacks Investment Research raised Trex from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine upgraded Trex from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Jefferies Financial Group initiated coverage on Trex in a research report on Wednesday, January 9th. They issued a “hold” rating and a $60.00 price objective for the company. Sidoti raised Trex from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 30th. Finally, SunTrust Banks lowered their target price on Trex to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.29.
TREX traded up $3.17 during midday trading on Monday, reaching $75.42. The company’s stock had a trading volume of 825,600 shares, compared to its average volume of 534,014. The firm has a market capitalization of $4.24 billion, a P/E ratio of 47.77, a price-to-earnings-growth ratio of 2.59 and a beta of 2.00. Trex has a twelve month low of $50.72 and a twelve month high of $90.74.
Trex Company Profile
Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.
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