NEW YORK (TheStreet) -- Shares of Trex Co. (TREX) - Get Report are rising 10.2% to $39.98 on heavy trading volume in late afternoon trading on Tuesday after the Winchester, VA-based company posted its 2015 fourth quarter results.

Before today's opening bell, the deck and railing products manufacturer reported earnings of 26 cents per diluted share, beating analysts' expectations for earnings of 22 cents per share.

Revenue climbed 20% to $89.2 million year-over-year and surpassed Wall Street's estimates of $85.14 million.

Sales were helped by unseasonably good weather, the company noted.

For the first quarter, Trex expects revenue of $131 million, an 8% increase over the same period last year.

Trex offers a range of products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

About 1.13 million of the company's shares were traded by this afternoon, much higher than its average volume of 390,884 shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

TheStreet Recommends

The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations.

As a counter to these strengths, the team also finds weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: TREX

Image placeholder title


data by