14 Wall Street analysts have issued ratings and price targets for Trex in the last 12 months. After three straight days of gains, US stock indexes are under pressure today. Contributor. The company had a strong quarter, … Signs mounted all summer that the meteoric rise in the stock market was unsustainable. The earnings seemed solid, so why are shares of Trex down on Tuesday? First, why it's dropping? Earnings reports or recent company news can cause the stock price to drop. The earnings seemed solid, so why are shares of Trex down on Tuesday? Trex also cut full-year capital spending guidance by $10 million, to between $65 million and $70 million, due to timing of actual cash payments related to the company's $200 million capacity expansion project. TREX stock: Trex Company Inc Current Rating. In Asia, China’s Shanghai Composite has slumped 2.8%, while Japan’s Nikkei 225 is off 2% . Given the current economic conditions, the stock's healthy recent run, and the less-than-expected revenue growth, some investors might have seen it as a good time to take some profits. Author: Amanda Schiavo. To be sure, the drop in stocks would feel even more significant if it occurred any other year, but in 2020, volatility is the norm. Revenue in the second quarter was $221 million, ahead of the $201 million in sales that analysts were expecting. Trex has been an outperformer in recent months, up 44% year to date even with Tuesday's slide, and the company came into earnings season priced for perfection. Hold/Sell. Capital spending for 2020 should be $150 million to $170 million. Maybe that's why, after ending the day down only 2%, Trex stock resumed falling in after-hours trading. After markets closed Monday, Trex reported third-quarter earnings of $0.72 per share, ahead of the $0.68 consensus, despite revenue that at $195 million was nearly $15 million shy of expectations. 10 Best Stocks to Buy Today . Get the latest Trex Company, Inc. (TREX) stock news and headlines to help you in your trading and investing decisions. The company, which makes industrial decking products, added $100 million in borrowing capacity to its revolver in May to reduce risk around COVID-19 and increase financial flexibility. Shares of wood-alternative decking and commercial railing manufacturer Trex Company Inc. started trading on Tuesday down a sharp 10%. When a stock starts dropping, investors have to ask two questions. While wood may be cheaper on day one, it could end up costing you far more by day 365 (and well beyond). It also announced a 2-for-1 stock split. If you still have questions, Trex … It also announced a 2-for-1 stock … Net income for the third quarter was $42 million, up more than 40% from the $29 million in net income reported in the third quarter of 2018. Market Cap. The 2-for-1 stock split will take effect on Sept. 14. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Hold/Sell. Market data powered by FactSet and Web Financial Group. Previous Rating. Learn about our variety of composite durable decking options for creating your outdoor living oasis. Market data powered by FactSet and Web Financial Group. Trex investors could do with a bit less of this "fun." The 30-stock average, dragged down by a 7.7% drop in Apple, is on track for its worst day since June. Returns as of 12/14/2020. Company Statistics. The company is clearly in growth mode. 8.51B Sector. For the third quarter, revenue is forecast to be $215 million to $225 million, ahead of the $195.2 million in sales that analysts are expecting. Need further information on Trex’s extensive product portfolio? Decking & Railing; Outdoor Lighting That translated into net income of $47 million, or $0.81 per share, also topping the consensus estimate of $0.65 per share in profit. — Yun Li Story continues. As of 10:06 a.m. EDT, they were still down about … TREX | Complete Trex Co. Inc. stock news by MarketWatch. The S&P 500 Index was down 0.49% at 11:52 AM ET, while Tesla was leading Nasdaq’s 0.76% drop at the same time. The selloff in banks isn’t good for the stock market. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. See you at the top! Our Strong Buys double the S&P500! It also announced a 2-for-1 stock split. Trex … Now what Complete your yard with our framing, railing, & lighting. TREX Co., Inc. 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