Trex (NYSE:TREX) Announces Earnings Results, Beats Estimates By $0.02 EPS

Trex (NYSE:TREX - Get Free Report) announced its quarterly earnings results on Thursday. The construction company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.02, Zacks reports. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $339.99 million for the quarter, compared to the consensus estimate of $329.11 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The business's revenue was down 9.0% compared to the same quarter last year. Trex updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Trex Price Performance

TREX stock traded down $0.51 during trading on Friday, reaching $57.79. 2,121,840 shares of the company were exchanged, compared to its average volume of 1,349,118. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.51 and a beta of 1.62. The company has a 50-day moving average of $56.96 and a two-hundred day moving average of $65.78. Trex has a twelve month low of $49.01 and a twelve month high of $92.02.

Insider Buying and Selling at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TREX. Bank of America dropped their price target on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Jefferies Financial Group dropped their price objective on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Citigroup decreased their price target on shares of Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, March 3rd. Finally, Barclays dropped their price objective on shares of Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.06.

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.

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