Trex (TREX) Projected to Post Earnings on Monday

Trex (NYSE:TREX) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $160.48 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Trex Stock Down 0.8 %

NYSE:TREX opened at $67.25 on Monday. The stock’s 50 day moving average price is $71.44 and its two-hundred day moving average price is $69.03. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 2.82 and a beta of 1.51. Trex has a 12-month low of $58.68 and a 12-month high of $101.91.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TREX shares. Barclays dropped their price objective on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. Citigroup dropped their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. DA Davidson upped their price objective on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Company Profile

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.