Trex (TREX) Set to Announce Quarterly Earnings on Monday

Trex (NYSE:TREX) is scheduled to announce its earnings results after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.

Shares of Trex (NYSE:TREX) opened at $108.37 on Monday. The stock has a market capitalization of $3,188.79, a P/E ratio of 35.77 and a beta of 2.31. Trex has a 52-week low of $61.57 and a 52-week high of $120.40.

In related news, Director Jay M. Gratz sold 1,058 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $116.95, for a total transaction of $123,733.10. Following the completion of the transaction, the director now directly owns 8,801 shares in the company, valued at approximately $1,029,276.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard E. Posey sold 2,322 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $111.19, for a total value of $258,183.18. Following the transaction, the director now owns 11,591 shares of the company’s stock, valued at $1,288,803.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,956 shares of company stock valued at $767,076. 0.95% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on TREX shares. Zacks Investment Research raised Trex from a “sell” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday, November 2nd. B. Riley upgraded Trex from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $125.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus lowered their price objective on Trex from $100.00 to $89.00 and set a “hold” rating for the company in a research note on Friday, December 8th. SunTrust Banks restated a “hold” rating and set a $95.00 price objective on shares of Trex in a research note on Wednesday, November 1st. Finally, FBR & Co upped their price objective on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.00.

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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.

Earnings History for Trex (NYSE:TREX)

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