View real-time stock prices and stock quotes for a full financial overview. Previous Rating. It also announced a 2-for-1 stock split. Trex Co. Inc. TREX 77.66 0.12 (0.16%). Shares of Trex have fallen today, down by 6% as of 12:35 p.m. EDT, after the company reported second-quarter earnings. Get the latest Trex Company, Inc. (TREX) stock news and headlines to help you in your trading and investing decisions. See you at the top! Learn more. The 2-for-1 stock split will take effect on Sept. 14. When it comes to Trex vs. wood, there's more to the story than the upfront price. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. "First half results give us confidence that 2020 will be another year of strong growth for Trex," CEO Bryan Fairbanks said. Our proven model does not conclusively show that Trex Company is likely to beat on earnings in the to-be-reported quarter. 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. And as noted, it's expanding capacity late in the economic cycle, and at a time when competitors are launching their own composite-wood products. 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. After three straight days of gains, US stock indexes are under pressure today. The Stock Markets Is Dropping Because Coronavirus Is Spreading. 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. — Yun Li The 2.7% drop by the Dow was just its 16th worst drop this year. 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. Resources. 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. Build your dream deck with Trex, the world's best high-performance composite decking brand. The S&P 500 fell 4%, while the Nasdaq Composite dropped 5.5%. The earnings seemed solid, so why are shares of Trex down on Tuesday? (Not all products are available in every country.) Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Read full article. 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. It also announced a 2-for-1 stock split. Maybe that's why, after ending the day down only 2%, Trex stock resumed falling in after-hours trading. TREX Co., Inc. () Stock Market info Recommendations: Buy or sell TREX stock? Earnings reports or recent company news can cause the stock price to drop. Hold/Sell. Need further information on Trex’s extensive product portfolio? The high price target for TREX is $75.00 and the low price target for TREX … The earnings seemed solid, so why are shares of Trex down on Tuesday? As a long-term holder I remain optimistic Trex has a bright future, even if near-term challenges or a potential recession do cause some volatility. 8.51B Sector. The tech sector now makes up about 27% of the S&P 500 and is approaching levels of concentration last seen during the dot-com bubble. 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