Trex Company (TREX) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.65. The company posted revenue of $131.70 million in the period, compared to analysts expectations of $131.48 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Trex Company. Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $54 .
Trex Company closed down -0.74 points or -1.59% at $45.93 with 5,17,921 shares getting traded on Friday. Post opening the session at $46.64, the shares hit an intraday low of $44.97 and an intraday high of $47.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 18, 2016, James E Cline (President and CEO) sold 6,679 shares at $49.88 per share price. According to the SEC, on Apr 18, 2016, William R. Gupp (Sr VP,Gen. Counsel & Secretary) sold 11,648 shares at $49.90 per share price. On Mar 3, 2016, Christopher Paul Gerhard (Vice President, Sales) sold 3,030 shares at $43.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Trex Company Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a range of products in the decking railing porch fencing trim steel deck framing and outdoor lighting categories. The Companys decking products include Trex Transcend Trex Enhance and Trex Select. The Companys railing products include Trex Transcend Railing Trex Select Railing and Trex Reveal aluminum railing. The Company offers porch product Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Companys steel deck framing system. The Company offers fencing product Trex Seclusions. The Company offers outdoor lighting systems Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Companys cellular PVC outdoor trim product. The Company offers Trex Hideaway which is a hidden fastening system for specially grooved boards.