Trex (NYSE:TREX) Posts Earnings Results, Beats Expectations By $0.05 EPS

Trex (NYSE:TREX) issued its earnings results on Monday. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05, Zacks reports. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Trex Stock Up 1.8 %

TREX stock opened at $62.75 on Wednesday. The stock’s 50 day moving average is $69.54 and its two-hundred day moving average is $68.74. Trex has a 52-week low of $58.68 and a 52-week high of $101.91. The company has a market capitalization of $6.72 billion, a PE ratio of 28.41, a P/E/G ratio of 2.51 and a beta of 1.51.

Analysts Set New Price Targets

TREX has been the topic of a number of research reports. UBS Group cut their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Barclays cut their target price on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. Citigroup decreased their price target on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group cut their price objective on Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $78.38.

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.