William Blair Equities Analysts have raised their Q2 2023 earnings per share estimates for Trex Company, Inc. (NYE:TREX) to $0.42 from their prior forecast of $0.41. Trex’s current full-year earnings consensus estimate is $1.58 per share. Additionally, the company’s Q3 2023 earnings are estimated to be $0.41 EPS. Trex stock opened at $51.13 on Wednesday and has a 1-year low of $38.68 and a 1-year high of $87.50. Several institutional investors have made changes to their positions in the company, with 94.64% of the stock currently owned by institutional investors and hedge funds.
In their last quarterly earnings report, Trex Company beat analysts’ consensus estimates with an earnings per share of $0.23 for the quarter, compared to the estimated $0.22. The company had revenue of $192.10 million, which was higher than analyst estimates of $185.46 million. Trex had a net margin of 16.69% and a return on equity of 31.41%. However, Trex’s revenue for the quarter was down 36.8% year-over-year.
A number of equities research analysts have recently given their opinion on Trex’s stock. While three analysts rated the stock as “sell”, six analysts rated it as “buy”, and nine analysts gave it a “hold” rating. The company’s average price target is $62.00. Trex’s market capitalization stands at $5.61 billion, with a P/E ratio of 31.37 and a P/E/G ratio of 15.25. The stock has a 50-day moving average price of $49.80 and a 200-day moving average price of $47.90. The beta for the stock is 1.50.
Trex Company Inc Stock Analysis
According to 15 analysts, Trex Company Inc’s average target price is expected to be $56.58 within the next year, with an average analyst ratings of Buy. Stock Target Advisor’s analysis shows a Slightly Bullish outlook based on 7 positive signals and 4 negative signals. Currently, the company’s stock price is at $51.13, which has increased by 1.39% over the past week and 0.25% over the past month, but decreased by 44.33% over the last year.
Company Overview
Trex Company, Inc. is a US-based manufacturer and distributor of decking, railing, and outdoor living products for residential and commercial markets. The company offers a range of decking products, including Transcend, Select, and Enhance, as well as railing products, fencing products, and LED lighting solutions. Trex also designs and markets architectural and aluminum railing systems and staging equipment for the commercial market. Additionally, the company licenses various products, such as outdoor furniture, decking saw blades, and outdoor kitchens, under the Trex name. Trex sells its products through wholesale distributors, retail lumber dealers, and major retailers like Home Depot and Lowe’s.
