Trex (NYSE:TREX) Announces Quarterly Earnings Results

Trex (NYSE:TREX) announced its quarterly earnings results on Monday. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05, Zacks reports. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Trex Price Performance

Shares of NYSE TREX opened at $61.72 on Tuesday. Trex has a 1 year low of $58.68 and a 1 year high of $101.91. The company’s 50-day moving average is $69.83 and its 200 day moving average is $68.73. The stock has a market capitalization of $6.61 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.51.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TREX. StockNews.com downgraded shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. DA Davidson lifted their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Citigroup dropped their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Robert W. Baird lifted their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets lifted their price objective on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Two research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.