Trecora Resources (NYSE:TREC) Expected to Announce Quarterly Sales of $68.05 Million

Equities research analysts predict that Trecora Resources (NYSE:TREC) will post sales of $68.05 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Trecora Resources’ earnings, with estimates ranging from $65.10 million to $71.00 million. Trecora Resources posted sales of $68.11 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Trecora Resources will report full year sales of $285.68 million for the current year, with estimates ranging from $283.16 million to $288.20 million. For the next year, analysts anticipate that the business will post sales of $298.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Trecora Resources.

Trecora Resources (NYSE:TREC) last announced its earnings results on Monday, May 6th. The basic materials company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%. The business had revenue of $65.16 million during the quarter, compared to analysts’ expectations of $71.10 million.

Separately, Zacks Investment Research raised Trecora Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th.

Shares of Trecora Resources stock traded up $0.10 during mid-day trading on Wednesday, reaching $9.50. 2,349 shares of the stock traded hands, compared to its average volume of 46,304. The company has a 50-day moving average price of $9.55. Trecora Resources has a fifty-two week low of $6.69 and a fifty-two week high of $15.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.15 and a quick ratio of 1.48.

In related news, insider Patrick D. Quarles purchased 7,389 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $9.64 per share, for a total transaction of $71,229.96. Following the completion of the transaction, the insider now directly owns 94,205 shares of the company’s stock, valued at $908,136.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 8,247 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $9.15, for a total value of $75,460.05. Following the completion of the sale, the insider now owns 3,035,274 shares of the company’s stock, valued at $27,772,757.10. The disclosure for this sale can be found here. In the last three months, insiders have acquired 90,864 shares of company stock valued at $874,000 and have sold 257,653 shares valued at $2,501,247. 3.92% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of TREC. Rutabaga Capital Management LLC MA grew its position in shares of Trecora Resources by 99.1% in the first quarter. Rutabaga Capital Management LLC MA now owns 528,131 shares of the basic materials company’s stock valued at $4,801,000 after purchasing an additional 262,843 shares in the last quarter. Tieton Capital Management LLC grew its position in Trecora Resources by 64.3% in the first quarter. Tieton Capital Management LLC now owns 471,265 shares of the basic materials company’s stock worth $4,284,000 after acquiring an additional 184,475 shares during the period. Dimensional Fund Advisors LP grew its position in Trecora Resources by 9.5% in 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 acquiring an additional 92,005 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Trecora Resources in the fourth quarter worth approximately $704,000. Finally, Royce & Associates LP grew its position in Trecora Resources by 4.2% in the first quarter. Royce & Associates LP now owns 533,678 shares of the basic materials company’s stock worth $4,851,000 after acquiring an additional 21,278 shares during the period. Institutional investors and hedge funds own 44.32% of the company’s stock.

About Trecora Resources

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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Earnings History and Estimates for Trecora Resources (NYSE:TREC)

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