Equities research analysts predict that Trecora Resources (NYSE:TREC) will announce sales of $59.45 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Trecora Resources’ earnings. The lowest sales estimate is $58.40 million and the highest is $60.50 million. Trecora Resources posted sales of $55.54 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, May 1st.
On average, analysts expect that Trecora Resources will report full-year sales of $267.28 million for the current fiscal year, with estimates ranging from $263.15 million to $271.40 million. For the next financial year, analysts forecast that the business will post sales of $275.00 million per share. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Trecora Resources.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Wednesday, March 7th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Trecora Resources had a net margin of 7.35% and a return on equity of 4.42%. The firm had revenue of $65.98 million for the quarter, compared to the consensus estimate of $59.67 million.
TREC has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of Trecora Resources in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, March 9th. Finally, TheStreet raised shares of Trecora Resources from a “c+” rating to a “b-” rating in a report on Thursday, April 5th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.67.
In related news, insider Nicholas Carter sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $13.74, for a total value of $137,400.00. Following the transaction, the insider now directly owns 477,536 shares in the company, valued at $6,561,344.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.82, for a total transaction of $384,600.00. Following the completion of the transaction, the insider now owns 3,163,565 shares in the company, valued at $40,556,903.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,553 shares of company stock worth $1,848,478. 6.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Crestline Management LP bought a new position in Trecora Resources during the fourth quarter valued at approximately $1,398,000. Brigade Capital Management LP grew its position in Trecora Resources by 50.9% during the fourth quarter. Brigade Capital Management LP now owns 233,950 shares of the basic materials company’s stock valued at $3,158,000 after acquiring an additional 78,950 shares during the last quarter. Kennedy Capital Management Inc. grew its position in Trecora Resources by 33.5% during the fourth quarter. Kennedy Capital Management Inc. now owns 191,759 shares of the basic materials company’s stock valued at $2,589,000 after acquiring an additional 48,129 shares during the last quarter. Algert Global LLC bought a new position in Trecora Resources during the third quarter valued at approximately $353,000. Finally, Unison Advisors LLC bought a new position in Trecora Resources during the fourth quarter valued at approximately $293,000. Institutional investors own 44.79% of the company’s stock.
Shares of Trecora Resources stock traded up $0.15 on Friday, reaching $14.35. The stock had a trading volume of 17,096 shares, compared to its average volume of 54,587. Trecora Resources has a 1 year low of $10.13 and a 1 year high of $14.35. The company has a market cap of $335.42, a price-to-earnings ratio of 32.50 and a beta of 1.34. The company has a current ratio of 1.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49.
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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