Wall Street brokerages expect that Trex Company, Inc. (NYSE:TREX) will report earnings per share of $0.88 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Trex’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.85. Trex posted earnings per share of $0.79 in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The company is scheduled to report its next earnings report after the market closes on Monday, July 31st.

On average, analysts expect that Trex will report full year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.75 to $2.90. For the next financial year, analysts anticipate that the business will report earnings of $3.18 per share, with EPS estimates ranging from $3.00 to $3.28. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Trex.

Trex (NYSE:TREX) last released its earnings results on Thursday, May 4th. The construction company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. Trex had a return on equity of 61.02% and a net margin of 14.35%. The firm had revenue of $144.80 million for the quarter, compared to the consensus estimate of $144.26 million. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year.

A number of research analysts have recently weighed in on TREX shares. Zacks Investment Research upgraded Trex from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, April 26th. Seaport Global Securities upgraded Trex from a “neutral” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, June 1st. Sidoti started coverage on Trex in a report on Thursday, June 15th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded Trex from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $69.20.

Trex (NYSE TREX) traded up 3.37% during trading on Tuesday, reaching $76.01. The company had a trading volume of 248,708 shares. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 31.05 and a beta of 2.34. Trex has a 12 month low of $48.03 and a 12 month high of $78.15. The stock has a 50 day moving average price of $68.54 and a 200 day moving average price of $68.43.

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In other Trex news, insider James E. Cline sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $65.00, for a total value of $975,000.00. Following the completion of the sale, the insider now owns 53,381 shares of the company’s stock, valued at $3,469,765. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank H. Merlotti, Jr. sold 2,057 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $63.81, for a total value of $131,257.17. Following the completion of the sale, the director now directly owns 11,718 shares of the company’s stock, valued at approximately $747,725.58. The disclosure for this sale can be found here. Insiders sold 20,557 shares of company stock worth $1,332,987 in the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Glen Harbor Capital Management LLC boosted its stake in shares of Trex by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 37,800 shares of the construction company’s stock worth $2,623,000 after buying an additional 252 shares in the last quarter. Meritage Portfolio Management boosted its stake in shares of Trex by 1.4% in the first quarter. Meritage Portfolio Management now owns 88,070 shares of the construction company’s stock worth $6,111,000 after buying an additional 1,235 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Trex by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 3,260 shares of the construction company’s stock worth $226,000 after buying an additional 80 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Trex by 39.0% in the first quarter. Nisa Investment Advisors LLC now owns 4,170 shares of the construction company’s stock worth $289,000 after buying an additional 1,170 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Trex by 5.5% in the first quarter. Conestoga Capital Advisors LLC now owns 487,926 shares of the construction company’s stock worth $33,857,000 after buying an additional 25,373 shares in the last quarter. 91.94% of the stock is owned by institutional investors.

Trex Company Profile

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

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