Revenue Update on Trex Company(NYSE:TREX)

Trex Company(NYSE:TREX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $146.45M. Analysts estimated a revenue of $145.19M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.71.

Trex Company (TREX) made into the market gainers list on Mondays trading session with the shares advancing 0.54% or 0.32 points. Due to strong positive momentum, the stock ended at $59.57, which is also near the day’s high of $60.36. The stock began the session at $59.46 and the volume stood at 3,49,702 shares. The 52-week high of the shares is $60.36 and the 52 week low is $31.11. The company has a current market capitalization of $1,748 M and it has 2,93,48,456 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Frank H Jr Merlotti (director) sold 1,709 shares at $41.31 per share price.Also, On May 13, 2016, James E Cline (President and CEO) sold 6,386 shares at $43.09 per share price.On Apr 18, 2016, William R. Gupp (Sr VP,Gen. Counsel & Secretary) sold 11,648 shares at $49.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Trex Company Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a range of products in the decking railing porch fencing trim steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing Trex Select Railing and Trex Reveal aluminum railing. The Company offers porch product Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Company’s steel deck framing system. The Company offers fencing product Trex Seclusions. The Company offers outdoor lighting systems Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Company’s cellular PVC outdoor trim product. The Company offers Trex Hideaway which is a hidden fastening system for specially grooved boards.

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