Trex (TREX) Given Daily News Impact Score of 0.13
News stories about Trex (NYSE:TREX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Trex earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.7550089185386 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Trex (TREX) opened at 82.79 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 31.74 and a beta of 2.32. Trex has a 12 month low of $50.81 and a 12 month high of $84.28. The firm has a 50-day moving average price of $76.95 and a 200 day moving average price of $70.85.
Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.09. The business had revenue of $158.00 million for the quarter, compared to analyst estimates of $160.40 million. Trex had a return on equity of 56.76% and a net margin of 15.12%. Trex’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. On average, analysts anticipate that Trex will post $2.99 EPS for the current fiscal year.
Several equities analysts recently issued reports on TREX shares. BidaskClub cut Trex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Trex from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Thursday, June 1st. Stifel Nicolaus restated a “hold” rating and set a $70.00 price objective on shares of Trex in a research note on Friday, July 14th. Finally, FBR & Co raised their price objective on Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $75.20.
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In related news, Director Frank H. Merlotti, Jr. sold 2,093 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $75.71, for a total value of $158,461.03. Following the sale, the director now owns 12,640 shares of the company’s stock, valued at approximately $956,974.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $75.43, for a total value of $150,860.00. Following the completion of the sale, the chief financial officer now directly owns 18,167 shares in the company, valued at approximately $1,370,336.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,680 shares of company stock worth $1,145,196. 0.95% of the stock is owned by insiders.
Trex Company Profile
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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