Trex (TREX) Receiving Favorable News Coverage, Report Shows
Headlines about Trex (NYSE:TREX) have been trending positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trex earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 47.4548881491452 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Trex (NYSE:TREX) traded down $1.72 during trading on Friday, hitting $110.26. 268,465 shares of the stock traded hands, compared to its average volume of 190,872. The company has a market capitalization of $3,244.40, a price-to-earnings ratio of 36.39 and a beta of 2.31. Trex has a fifty-two week low of $61.57 and a fifty-two week high of $120.40.
Trex (NYSE:TREX) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The company’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. equities analysts predict that Trex will post 3.14 earnings per share for the current year.
In other news, Director Jay M. Gratz sold 1,058 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total transaction of $123,733.10. Following the completion of the transaction, the director now owns 8,801 shares in the company, valued at $1,029,276.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total transaction of $227,690.58. The disclosure for this sale can be found here. Insiders have sold 6,956 shares of company stock valued at $767,076 in the last 90 days. Insiders own 0.95% of the company’s stock.
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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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