Wall Street brokerages expect that Trecora Resources (NYSE:TREC) will announce $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Trecora Resources’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.17. Trecora Resources posted earnings per share of $0.03 during the same quarter last year, which suggests a positive year-over-year growth rate of 400%. The firm is expected to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Trecora Resources will report full year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.79. For the next financial year, analysts forecast that the firm will post earnings of $1.18 per share, with EPS estimates ranging from $1.03 to $1.33. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Trecora Resources.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). The firm had revenue of $71.74 million during the quarter, compared to the consensus estimate of $59.45 million. Trecora Resources had a return on equity of 4.32% and a net margin of 7.22%.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Trecora Resources from a “buy” rating to a “hold” rating in a report on Saturday, May 5th. TheStreet upgraded Trecora Resources from a “c+” rating to a “b-” rating in a report on Thursday, April 5th. Finally, B. Riley reiterated a “buy” rating on shares of Trecora Resources in a report on Tuesday, March 6th.
Shares of Trecora Resources opened at $13.55 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $324.71 million, a price-to-earnings ratio of 30.80 and a beta of 1.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.46 and a current ratio of 2.01. Trecora Resources has a 52-week low of $13.00 and a 52-week high of $13.10.
In other news, insider Nicholas Carter sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $13.74, for a total value of $137,400.00. Following the completion of the sale, the insider now directly owns 477,536 shares of the company’s stock, valued at $6,561,344.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 4,363 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.30, for a total value of $53,664.90. Following the completion of the sale, the insider now directly owns 3,066,742 shares of the company’s stock, valued at $37,720,926.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,630 shares of company stock valued at $256,692. Company insiders own 6.60% of the company’s stock.
Institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Trecora Resources in the fourth quarter worth approximately $146,000. Goldman Sachs Group Inc. purchased a new stake in shares of Trecora Resources in the fourth quarter worth approximately $180,000. Unison Advisors LLC purchased a new stake in shares of Trecora Resources during the fourth quarter valued at approximately $293,000. Wedge Capital Management L L P NC purchased a new stake in shares of Trecora Resources during the first quarter valued at approximately $319,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Trecora Resources by 29.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 35,500 shares of the basic materials company’s stock valued at $480,000 after acquiring an additional 8,100 shares during the last quarter. 46.22% of the stock is owned by hedge funds and other institutional investors.
Trecora Resources Company Profile
Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
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