After finishing at $97.97 in the prior trading day, TREX Co., Inc. (NYSE: TREX) closed at $94.99, down -3.04%. In other words, the price has decreased by -$2.98 from its previous closing price. On the day, 933661 shares were traded.
Ratios:
Our goal is to gain a better understanding of TREX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5264.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on December 14, 2023, Upgraded its rating to Neutral and sets its target price to $79 from $62 previously.
On December 13, 2023, Barclays Downgraded its rating to Underweight which previously was Equal Weight and also upped its target price recommendation from $66 to $74.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when FAIRBANKS BRYAN HORIX sold 6,164 shares for $95.95 per share. The transaction valued at 591,413 led to the insider holds 143,544 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TREX now has a Market Capitalization of 10.32B and an Enterprise Value of 10.35B. As of this moment, TREX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.33, and their Forward P/E ratio for the next fiscal year is 37.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.42 while its Price-to-Book (P/B) ratio in mrq is 14.40. Its current Enterprise Value per Revenue stands at 9.46 whereas that against EBITDA is 31.72.
Stock Price History:
Over the past 52 weeks, TREX has reached a high of $101.91, while it has fallen to a 52-week low of $46.84. The 50-Day Moving Average of the stock is 91.69, while the 200-Day Moving Average is calculated to be 74.03.
Shares Statistics:
The stock has traded on average 829.26K shares per day over the past 3-months and 598.69k shares per day over the last 10 days, according to various share statistics. A total of 108.61M shares are outstanding, with a floating share count of 107.94M. Insiders hold about 0.63% of the company’s shares, while institutions hold 97.47% stake in the company. Shares short for TREX as of Mar 15, 2024 were 5.13M with a Short Ratio of 6.19, compared to 5.97M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.72% and a Short% of Float of 5.45%.
Earnings Estimates
Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of $0.71 for the current quarter, with a high estimate of $0.79 and a low estimate of $0.64, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.75, with high estimates of $0.81 and low estimates of $0.71.
Analysts are recommending an EPS of between $2.37 and $2.15 for the fiscal current year, implying an average EPS of $2.21. EPS for the following year is $2.54, with 18 analysts recommending between $2.8 and $2.36.
Revenue Estimates
A total of 19 analysts have provided revenue estimates for TREX’s current fiscal year. The highest revenue estimate was $1.28B, while the lowest revenue estimate was $1.22B, resulting in an average revenue estimate of $1.24B. In the same quarter a year ago, actual revenue was $1.09B, up 13.00% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $1.37B in the next fiscal year. The high estimate is $1.44B and the low estimate is $1.31B. The average revenue growth estimate for next year is up 10.60% from the average revenue estimate for this year.
