Equities Analysts Offer Predictions for Trex FY2024 Earnings

Trex Company, Inc. (NYSE:TREX) – Investment analysts at William Blair lifted their FY2024 EPS estimates for shares of Trex in a report released on Thursday, January 23rd. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $2.05 for the year, up from their previous estimate of $2.04. The consensus estimate for Trex’s current full-year earnings is $2.05 per share. William Blair also issued estimates for Trex’s Q2 2025 earnings at $0.80 EPS, FY2025 earnings at $2.31 EPS and FY2026 earnings at $2.77 EPS.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group lowered their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Robert W. Baird lifted their price target on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Barclays reduced their price target on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com cut Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and an average price target of $79.81.

Trex Stock Performance

Shares of TREX stock opened at $73.77 on Friday. Trex has a 52-week low of $58.68 and a 52-week high of $101.91. The stock has a market cap of $7.90 billion, a PE ratio of 33.69, a PEG ratio of 3.06 and a beta of 1.50. The firm’s 50 day moving average price is $72.20 and its two-hundred day moving average price is $70.18.

Trex (NYSE:TREX) last released its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down 23.1% compared to the same quarter last year.

Hedge Funds Weigh In On Trex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Trex during the third quarter worth $30,000. Avior Wealth Management LLC increased its holdings in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Trex in the fourth quarter valued at about $41,000. UMB Bank n.a. boosted its stake in shares of Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after purchasing an additional 392 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.