Trex Co Inc (NYSE: TREX) has reported earnings for its second fiscal quarter (ending June 30) of $0.80 versus $0.71 for the same period a year ago — an increase of 13%. This result exceeded the consensus estimate of $0.78 by $0.02. For the latest four quarters through June 30, E.P.S. were $2.42 versus $1.31 for the same period a year ago — an increase of 85%.
Recent Price Action
On 8/6/24, Trex Co Inc (NYSE: TREX) stock increased 1.5%, closing at $76.56. Moreover, unusually high trading volume at 157% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -8.4% during the last week.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Trex has a very low Appreciation Score of 14 but a neutral Power Rating of 54, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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