Brokerages Anticipate Trex Company Inc (TREX) Will Announce Quarterly Sales of $131.02 Million

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Analysts expect that Trex Company Inc (NYSE:TREX) will report $131.02 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Trex’s earnings. The lowest sales estimate is $130.98 million and the highest is $131.10 million. Trex reported sales of $122.21 million during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The company is expected to issue its next quarterly earnings report on Wednesday, February 20th.

On average, analysts expect that Trex will report full-year sales of $676.80 million for the current fiscal year, with estimates ranging from $675.26 million to $681.27 million. For the next year, analysts anticipate that the company will report sales of $746.06 million, with estimates ranging from $722.10 million to $755.79 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Trex.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 29th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $166.38 million for the quarter, compared to analyst estimates of $173.10 million. Trex had a net margin of 19.16% and a return on equity of 46.55%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Sidoti raised shares of Trex from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 30th. Finally, SunTrust Banks lowered their price objective on shares of Trex to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Trex presently has an average rating of “Hold” and an average price target of $36.35.

In other news, Director Frank H. Merlotti, Jr. sold 3,051 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $77.39, for a total value of $236,116.89. Following the sale, the director now owns 24,242 shares of the company’s stock, valued at $1,876,088.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Paul Gerhard sold 2,990 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total transaction of $249,904.20. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its holdings in Trex by 100.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,000 shares of the construction company’s stock worth $133,000 after acquiring an additional 1,000 shares during the period. Whittier Trust Co. grew its stake in Trex by 100.0% in the 2nd quarter. Whittier Trust Co. now owns 2,958 shares of the construction company’s stock worth $185,000 after buying an additional 1,479 shares in the last quarter. Bank of Montreal Can purchased a new position in Trex in the 2nd quarter worth approximately $187,000. US Bancorp DE grew its stake in Trex by 100.0% in the 2nd quarter. US Bancorp DE now owns 3,084 shares of the construction company’s stock worth $193,000 after buying an additional 1,542 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in Trex in the 3rd quarter worth approximately $204,000. 89.03% of the stock is currently owned by institutional investors.

TREX stock traded down $1.59 during mid-day trading on Friday, hitting $65.77. The company had a trading volume of 13,723 shares, compared to its average volume of 773,080. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 41.64 and a beta of 2.25. Trex has a 12 month low of $50.72 and a 12 month high of $90.74.

About Trex

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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