Brokerages expect that Trecora Resources (NYSE:TREC) will announce earnings per share (EPS) of $0.04 for the current quarter, according to Zacks. Two analysts have made estimates for Trecora Resources’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.05. Trecora Resources posted earnings of ($0.02) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 300%. The firm is scheduled to issue its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Trecora Resources will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.26. For the next year, analysts expect that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.28 to $0.62. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Trecora Resources.
Trecora Resources (NYSE:TREC) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.10 EPS for the quarter. Trecora Resources had a positive return on equity of 0.16% and a negative net margin of 0.97%. The company had revenue of $69.37 million for the quarter, compared to the consensus estimate of $68.05 million.
In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 5,700 shares of Trecora Resources stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $9.63, for a total value of $54,891.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 164,666 shares of company stock valued at $1,587,009 over the last ninety days. Insiders own 3.92% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Trecora Resources by 7.5% in the second quarter. BlackRock Inc. now owns 1,125,585 shares of the basic materials company’s stock valued at $10,771,000 after buying an additional 78,620 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Trecora Resources by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,056,755 shares of the basic materials company’s stock worth $8,243,000 after purchasing an additional 92,005 shares in the last quarter. Vanguard Group Inc. grew its stake in Trecora Resources by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 988,036 shares of the basic materials company’s stock worth $9,456,000 after purchasing an additional 24,241 shares in the last quarter. Royce & Associates LP grew its stake in Trecora Resources by 4.2% during the 1st quarter. Royce & Associates LP now owns 533,678 shares of the basic materials company’s stock worth $4,851,000 after purchasing an additional 21,278 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA grew its stake in Trecora Resources by 99.1% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 528,131 shares of the basic materials company’s stock worth $4,801,000 after purchasing an additional 262,843 shares in the last quarter. 45.98% of the stock is owned by institutional investors and hedge funds.
NYSE:TREC traded down $0.01 on Friday, reaching $9.09. The company’s stock had a trading volume of 13,482 shares, compared to its average volume of 31,873. Trecora Resources has a 12-month low of $6.69 and a 12-month high of $14.45. The company has a quick ratio of 1.56, a current ratio of 2.17 and a debt-to-equity ratio of 0.56. The firm has a market cap of $224.91 million, a price-to-earnings ratio of 910.00 and a beta of 1.25. The stock has a 50 day moving average price of $9.14 and a 200 day moving average price of $9.37.
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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