Wall Street analysts expect that Trecora Resources (NYSE:TREC) will announce $68.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trecora Resources’ earnings, with the highest sales estimate coming in at $71.00 million and the lowest estimate coming in at $65.10 million. Trecora Resources posted sales of $68.11 million in the same quarter last year, which suggests a negative year over year growth rate of 0.1%. The firm is expected to issue its next earnings report after the market closes on Monday, August 5th.
According to Zacks, analysts expect that Trecora Resources will report full-year sales of $285.68 million for the current fiscal year, with estimates ranging from $283.16 million to $288.20 million. For the next fiscal year, analysts expect that the business will post sales of $298.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Trecora Resources.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.12. The business had revenue of $65.16 million during the quarter, compared to the consensus estimate of $71.10 million. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%.
In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $9.50, for a total value of $285,000.00. Following the completion of the transaction, the insider now owns 2,894,973 shares in the company, valued at approximately $27,502,243.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick D. Quarles bought 5,257 shares of the stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $9.49 per share, with a total value of $49,888.93. Following the purchase, the chief executive officer now owns 55,257 shares in the company, valued at $524,388.93. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 54,455 shares of company stock valued at $531,638 and sold 258,564 shares valued at $2,525,127. 3.92% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of TREC. Ridgewood Investments LLC bought a new stake in shares of Trecora Resources in the first quarter worth $164,000. Dimensional Fund Advisors LP lifted its holdings in Trecora Resources by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,056,755 shares of the basic materials company’s stock worth $8,243,000 after buying an additional 92,005 shares during the period. BlackRock Inc. lifted its holdings in shares of Trecora Resources by 2.0% during the 4th quarter. BlackRock Inc. now owns 1,088,556 shares of the basic materials company’s stock valued at $8,490,000 after purchasing an additional 21,009 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Trecora Resources by 18.8% during the 4th quarter. First Trust Advisors LP now owns 37,120 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 5,879 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Trecora Resources by 4.2% during the 1st quarter. Royce & Associates LP now owns 533,678 shares of the basic materials company’s stock valued at $4,851,000 after purchasing an additional 21,278 shares during the last quarter. 44.30% of the stock is owned by institutional investors and hedge funds.
TREC traded down $0.14 on Friday, hitting $9.24. 35,152 shares of the company were exchanged, compared to its average volume of 45,727. The stock’s fifty day moving average price is $9.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.15 and a quick ratio of 1.48. Trecora Resources has a 12 month low of $6.69 and a 12 month high of $14.45.
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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