Equities research analysts expect Trecora Resources (NYSE:TREC) to report sales of $78.85 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Trecora Resources’ earnings, with the highest sales estimate coming in at $82.70 million and the lowest estimate coming in at $75.00 million. Trecora Resources posted sales of $65.98 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.5%. The business is expected to announce its next earnings results on Wednesday, March 6th.
According to Zacks, analysts expect that Trecora Resources will report full year sales of $292.13 million for the current year, with estimates ranging from $288.26 million to $296.00 million. For the next financial year, analysts expect that the company will post sales of $323.65 million, with estimates ranging from $316.00 million to $331.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Trecora Resources.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Wednesday, October 31st. The basic materials company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.12). The business had revenue of $73.42 million for the quarter, compared to analysts’ expectations of $72.26 million. Trecora Resources had a net margin of 6.06% and a return on equity of 3.43%.
Shares of TREC stock traded up $0.09 during trading on Thursday, reaching $8.63. 46,229 shares of the company’s stock traded hands, compared to its average volume of 47,903. The stock has a market capitalization of $211.57 million, a P/E ratio of 33.19 and a beta of 1.47. The company has a current ratio of 2.31, a quick ratio of 1.58 and a debt-to-equity ratio of 0.54. Trecora Resources has a 1 year low of $6.69 and a 1 year high of $15.60.
In other Trecora Resources news, insider Nicholas Carter sold 15,076 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $8.66, for a total value of $130,558.16. Following the sale, the insider now directly owns 509,632 shares in the company, valued at approximately $4,413,413.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Matthews Loggenberg bought 3,945 shares of the stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $9.60 per share, for a total transaction of $37,872.00. Following the completion of the purchase, the insider now directly owns 30,969 shares in the company, valued at $297,302.40. The disclosure for this purchase can be found here. Insiders have sold a total of 48,079 shares of company stock worth $402,919 over the last 90 days. 6.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TREC. Price Capital Management Inc. purchased a new stake in Trecora Resources in the 3rd quarter worth approximately $122,000. MetLife Investment Advisors LLC increased its holdings in shares of Trecora Resources by 65.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,863 shares of the basic materials company’s stock worth $250,000 after buying an additional 7,044 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Trecora Resources in the 3rd quarter worth $437,000. Teton Advisors Inc. bought a new position in shares of Trecora Resources in the 3rd quarter worth $531,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Trecora Resources by 15.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,945 shares of the basic materials company’s stock worth $609,000 after buying an additional 5,445 shares during the last quarter. Institutional investors and hedge funds own 42.72% of the company’s stock.
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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