Wall Street analysts expect that Trecora Resources (NYSE:TREC) will report sales of $68.05 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued 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 reported sales of $68.11 million in the same quarter last year, which suggests a negative year over year growth rate of 0.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, 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 financial year, analysts expect 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 research analysts that follow 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, beating analysts’ consensus estimates of ($0.05) by $0.12. The firm had revenue of $65.16 million for 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, CEO Patrick D. Quarles bought 7,010 shares of the stock in a transaction on Monday, April 15th. The shares were bought at an average price of $9.32 per share, with a total value of $65,333.20. Following the completion of the acquisition, the chief executive officer now owns 27,010 shares in the company, valued at $251,733.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick D. Quarles bought 10,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average cost of $9.28 per share, for a total transaction of $92,800.00. Following the acquisition, the insider now owns 9,370 shares of the company’s stock, valued at approximately $86,953.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 105,513 shares of company stock worth $1,009,319 and have sold 233,691 shares worth $2,263,604. Corporate insiders own 3.92% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Trecora Resources by 13.4% in the first quarter. Wellington Management Group LLP now owns 2,962,336 shares of the basic materials company’s stock valued at $26,927,000 after acquiring an additional 350,393 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Trecora Resources by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,128,758 shares of the basic materials company’s stock valued at $10,260,000 after acquiring an additional 72,003 shares during the period. BlackRock Inc. lifted its holdings in Trecora Resources by 2.0% in the fourth quarter. BlackRock Inc. now owns 1,088,556 shares of the basic materials company’s stock valued at $8,490,000 after acquiring an additional 21,009 shares during the period. Vanguard Group Inc. raised its stake in shares of Trecora Resources by 8.7% in the third quarter. Vanguard Group Inc. now owns 981,781 shares of the basic materials company’s stock worth $13,745,000 after buying an additional 78,315 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Trecora Resources in the fourth quarter worth about $90,000. 49.15% of the stock is currently owned by institutional investors.
Shares of NYSE:TREC traded down $0.10 during midday trading on Monday, reaching $9.46. 30,154 shares of the company’s stock traded hands, compared to its average volume of 41,620. The company has a quick ratio of 1.48, a current ratio of 2.15 and a debt-to-equity ratio of 0.60. Trecora Resources has a one year low of $6.69 and a one year high of $15.60.
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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