Trex - TREX Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trex in the last year. There are currently 2 sell ratings, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TREX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TREX, but not buy additional shares or sell existing shares.
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19 equities research analysts have issued 1-year price objectives for Trex's shares. Their TREX share price forecasts range from $53.00 to $111.00. On average, they expect the company's stock price to reach $77.11 in the next twelve months. This suggests a possible upside of 75.5% from the stock's current price.
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Trex's stock was trading at $135.03 at the beginning of 2022. Since then, TREX shares have decreased by 67.5% and is now trading at $43.94.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Trex Company, Inc. (NYSE:TREX) issued its quarterly earnings data on Monday, August, 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. The construction company had revenue of $386.25 million for the quarter, compared to analyst estimates of $380.22 million. Trex had a trailing twelve-month return on equity of 42.33% and a net margin of 18.94%. The firm's revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS.

Shares of Trex split on Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly issued shares were issued to shareholders after the closing bell on Friday, September 11th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Trex updated its third quarter 2022 earnings guidance on Tuesday, September, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $185.00 million-$195.00 million, compared to the consensus revenue estimate of $355.01 million.

4 employees have rated Trex Chief Executive Officer Bryan Fairbanks on Glassdoor.com. Bryan Fairbanks has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Trex investors own include NVIDIA (NVDA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Walt Disney (DIS), Salesforce (CRM), Skyworks Solutions (SWKS), Tesla (TSLA), DocuSign (DOCU) and Mastercard (MA).

Trex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TREX."

Shares of TREX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TREX stock can currently be purchased for approximately $43.94.

Trex (NYSE:TREX) has a market capitalization of $4.84 billion and generates $1.20 billion in revenue each year. The construction company earns $208.74 million in net income (profit) each year or $2.27 on an earnings per share basis.

The company employs 1,924 workers across the globe.

Trex's mailing address is 160 EXETER DRIVE, WINCHESTER VA, 22603. The official website for the company is www.trex.com. The construction company can be reached via phone at (540) 542-6300 or via fax at 540-678-1820.