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Friday, December 4, 2020

Trex Company Inc (NYSE: TREX) Expected To Announce $0.38 EPS This Fiscal Quarter

According to Zacks Investment Research, Trex Company Inc (NYSE: TREX) is expected to announce $0.38 EPS (earnings per share) for the ongoing fiscal quarter.

Till now, six Wall Street analysts have submitted estimates for this company’s earnings this quarter that range from $0.36 at the lowest and an EPS of $0.39 at the highest. Last year during the same quarter, NYSE: TREX had posted an EPS of $0.36. This suggests a positive 5.6% year-over-year growth rate for NYSE: TREX.

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The company will issue its report on the earnings for this fiscal quarter on Monday, 26th of October.  

Zacks Makes Estimate Analysis Of NYSE: TREX

Zacks Investment Research suggests that NYSE: TREX’s whole year’s earnings will stand at $1.45 per share for this ongoing financial year.  The EPS will approximately range from $1.42 to $1.47. For the upcoming financial year, according to Zacks, expert analysts suggest that the firm’s estimated earnings will stand at $1.63 per share along with the estimated EPS varying from $1.50 to $1.75. Zacks has provided this data after doing a survey on analysts that provide expert coverage for NASDAQ: SHOO. The calculations are based on a mean average from the analysts’ reports.

The quarterly earnings for the previous fiscal quarter was released by the company on the 3rd of August. The earnings stood at $0.40 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.32. The company’s return on equity also stood at 36.64% along with the net margin of 21.41%. The expected income for the firm was marked at $210.21 million but it made $220.65 for that quarter.

Wall Street Analysts Rates NYSE: TREX Stocks At “Hold”

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Several Wall Street analysts have submitted their reports on the NYSE: TREX stocks. B. Riley increased this company’s target price to $62.50 from $50.00 on 7th July. SunTrust did the same and increased their target price to $63.00.  Deutsche Bank however, cut the target price for NYSE: TREX to $72.00. It also issued a “hold” rating on TREX in September. Benchmark too followed in on this by lowering the company’s earlier “buy” rating to “hold” rating. Thus, the recent consensus regarding NYSE: TREX stands at the “hold” rating and the consensus on the target price stands at $65.71.

This Friday, the shares of NYSE: TREX upped, hitting $78.22. The company exchanged 359,682 shares on that day. This comes after the company’s average exchange volume which is marked at 1541,207. Several hedge funds are also modifying their stock hold on NYSE: TREX recently. The decking and railing company has also attracted institutional investors recently as well.

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