Trex (NYSE:TREX) Earning Very Favorable Media Coverage, Report Shows
News headlines about Trex (NYSE:TREX) have trended very positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trex earned a media sentiment score of 0.56 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Bryan Horix Fairbanks Sells 2,000 Shares of Trex Company, Inc. (NYSE:TREX) Stock (americanbankingnews.com)
- Trex Company, Inc. (NYSE:TREX) SVP Sells $270,130.00 in Stock (americanbankingnews.com)
- Trex Company, Inc. (TREX) Downgraded by Zacks Investment Research (americanbankingnews.com)
- FBR & Co Increases Trex Company, Inc. (NYSE:TREX) Price Target to $80.00 (americanbankingnews.com)
- Griffin Securities Downgrades Trex Company, Inc. (TREX) to Neutral (americanbankingnews.com)
Trex (NYSE:TREX) traded up 2.95% on Thursday, reaching $77.77. 294,421 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 29.80 and a beta of 2.36. The firm has a 50-day moving average of $70.20 and a 200-day moving average of $68.76. Trex has a 12 month low of $50.81 and a 12 month high of $82.04.
Trex (NYSE:TREX) last announced its earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.09. The company had revenue of $158 million during the quarter, compared to analysts’ expectations of $160.40 million. Trex had a net margin of 15.12% and a return on equity of 62.10%. Trex’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, equities analysts expect that Trex will post $2.99 earnings per share for the current year.
TREX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Wednesday, May 10th. Seaport Global Securities raised shares of Trex from a “neutral” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, June 1st. BidaskClub raised shares of Trex from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Sidoti initiated coverage on shares of Trex in a research report on Thursday, June 15th. They set a “buy” rating for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $70.00 price objective on shares of Trex in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $75.20.
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In related news, insider James E. Cline sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $65.00, for a total value of $975,000.00. Following the completion of the transaction, the insider now owns 53,381 shares of the company’s stock, valued at $3,469,765. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP William R. Gupp sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $64.78, for a total value of $226,730.00. Following the completion of the transaction, the senior vice president now directly owns 41,811 shares of the company’s stock, valued at approximately $2,708,516.58. The disclosure for this sale can be found here. In the last three months, insiders sold 26,057 shares of company stock valued at $1,753,977. 0.95% of the stock is currently owned by company insiders.
Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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