Trex Co Inc (NYSE: TREX) has reported E.P.S. of $0.20 for its fourth fiscal quarter (ending December 31) versus $0.09 for the same period a year ago — an increase of 122%. Relative to the consensus estimate of $0.19, this was a premium of $0.01. For the latest four quarters through December 31, E.P.S. were $1.89 compared to $1.65 a year ago — an increase of 15%.
Recent Price Action
Trex Co Inc (NYSE: TREX) stock closed at $94.86 on 2/26/24 after an increase of 1.1%. Moreover, unusually high trading volume at 162% of normal accompanied the advance. The stock has risen 4.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TREX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Trex has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Trex has a very low Appreciation Score of 11 but a very high Power Rating of 89, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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