Trex (TREX) Earning Somewhat Positive Media Coverage, Analysis Shows
News headlines about Trex (NYSE:TREX) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.02 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.2561126940567 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research firms have weighed in on TREX. Stifel Nicolaus reissued a “hold” rating and set a $75.00 target price on shares of Trex in a research report on Thursday, August 3rd. BidaskClub raised shares of Trex from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Trex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Sidoti lowered shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 price objective for the company. in a research report on Monday, October 2nd. Finally, FBR & Co upped their price objective on shares of Trex from $69.00 to $80.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $77.50.
Trex (NYSE TREX) opened at 85.12 on Wednesday. Trex has a 12 month low of $50.81 and a 12 month high of $90.09. The stock’s 50 day moving average is $81.09 and its 200-day moving average is $72.56. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 32.64 and a beta of 2.34.
Trex (NYSE:TREX) last posted its earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The company had revenue of $158.00 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 56.76%. Trex’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. On average, analysts anticipate that Trex will post $2.99 earnings per share for the current fiscal year.
In other Trex news, Director Frank H. Merlotti, Jr. sold 2,093 shares of Trex stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $75.71, for a total value of $158,461.03. Following the completion of the sale, the director now owns 12,640 shares in the company, valued at approximately $956,974.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William R. Gupp sold 3,500 shares of Trex stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $77.18, for a total transaction of $270,130.00. Following the completion of the sale, the senior vice president now owns 41,711 shares of the company’s stock, valued at approximately $3,219,254.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,680 shares of company stock valued at $1,145,196. 0.95% of the stock is currently owned by corporate insiders.
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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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