“Lineage represents a natural extension of this line, delivering an evolved sense of style that reflects today’s design trends and lifestyles.” “Transcend revolutionized the composite decking category when it was first introduced to the market in 2010, offering unprecedented aesthetics and performance, and has remained the industry’s leading composite decking product for more than a decade,” said Adam Zambanini, president of residential products for Trex. This new generation product heralds what’s next in outdoor living with refined aesthetics, trend-forward colors and enhanced performance features. The firm has a market cap of $5.WINCHESTER, Va., May 16, 2022 – Trex Company, the world’s largest manufacturer of wood-alternative composite decking and leader in high-performance, low-maintenance outdoor living products, is expanding on the impeccable pedigree of its premium Transcend decking line with the introduction of Trex Transcend® Lineage™. The stock has a 50-day moving average of $50.49 and a 200-day moving average of $56.98. Trex has a 1-year low of $42.81 and a 1-year high of $140.98. Based on data from MarketBeat, Trex presently has a consensus rating of "Hold" and an average price target of $76.00. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company's stock. Finally, Barclays lowered their target price on Trex from $63.00 to $53.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 9th. lowered their target price on Trex from $66.00 to $54.00 in a research note on Friday, July 15th. BMO Capital Markets lowered their target price on Trex from $102.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, August 10th. DA Davidson lowered their target price on Trex to $58.00 in a research note on Monday, August 15th. Stifel Nicolaus lowered their target price on Trex from $77.00 to $68.00 in a research note on Tuesday, August 9th. Trex Stock Post-Earnings Dip is a Buying OpportunityĪ number of other research firms have also weighed in on TREX.The company's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. The firm had revenue of $386.25 million during the quarter, compared to analysts' expectations of $380.22 million. Trex had a return on equity of 42.33% and a net margin of 18.94%. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Trex ( NYSE:TREX - Get Rating) last posted its quarterly earnings data on Monday, August 8th. Jefferies Financial Group also issued estimates for Trex's Q4 2023 earnings at $0.32 EPS. The consensus estimate for Trex's current full-year earnings is $1.79 per share. Ng anticipates that the construction company will earn $0.67 per share for the quarter. ( NYSE:TREX - Get Rating) - Analysts at Jefferies Financial Group issued their Q2 2023 earnings per share estimates for shares of Trex in a research note issued to investors on Monday, October 10th. Trex Post-Earnings Rally Leads The Stock To New Highs.7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities.7 Water Stocks to Buy as the World Dries Up.7 Solar Stocks Leading the Clean Energy Boom.7 Railroad Stocks to Keep Your Portfolio Chugging Along. 7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.7 Cash Rich Stocks That Offer Safety in Any Market.7 Small-Cap Stocks That Could Rocket Higher in 2023.The One Question that Matters for Altria Stock.Chevron Gushes More Profits Is it Time for Investors to Buy?.Why is Amazon Stock Falling? Is the Sell-Off Overdone?.Stock Q4 Results Beat Negative Outlook, Stock Rises Will Ryanair Stock Gains, Strong Estimates Help it Fly?.Can Comcast Monetize Existing Users for Streaming Success?.McDonald’s Stock Sizzles, but Will it Hit a New All-Time High?.Shopify Stock Price Surges as Losses Narrow, Investments Pay Off. Will Demand from EV Makers Drive Up Freeport-McMoRan stock?.The Trader's Guide to Equities Research.
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