$0.04 Earnings Per Share Expected for Trecora Resources (NYSE:TREC) This Quarter
Equities research analysts predict that Trecora Resources (NYSE:TREC) will announce earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Trecora Resources’ earnings. The lowest EPS estimate is $0.02 and the highest is $0.05. Trecora Resources posted earnings of ($0.02) per share during the same quarter last year, which indicates a positive year over year growth rate of 300%. The business is scheduled to announce its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from $0.22 to $0.26. For the next year, analysts forecast that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.28 to $0.62. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Trecora Resources.
Trecora Resources (NYSE:TREC) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.10 EPS for the quarter. The firm had revenue of $69.37 million for the quarter, compared to analysts’ expectations of $68.05 million. Trecora Resources had a negative net margin of 0.97% and a positive return on equity of 0.16%.
In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $9.04, for a total value of $271,200.00. Following the transaction, the insider now directly owns 2,517,959 shares in the company, valued at $22,762,349.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 177,133 shares of company stock worth $1,675,702. Company insiders own 3.92% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in Trecora Resources by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 52,985 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 1,200 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Trecora Resources by 503.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 3,622 shares in the last quarter. Bank of America Corp DE grew its holdings in Trecora Resources by 56.0% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 5,076 shares in the last quarter. Ridgewood Investments LLC grew its holdings in Trecora Resources by 35.8% during the 2nd quarter. Ridgewood Investments LLC now owns 24,500 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 6,464 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Trecora Resources by 3.4% during the 2nd quarter. Northern Trust Corp now owns 255,488 shares of the basic materials company’s stock worth $2,445,000 after acquiring an additional 8,470 shares in the last quarter. Institutional investors own 47.59% of the company’s stock.
Shares of NYSE TREC traded down $0.20 during mid-day trading on Friday, reaching $9.04. The company had a trading volume of 80,700 shares, compared to its average volume of 44,799. The business’s 50-day moving average is $9.10 and its 200-day moving average is $9.36. The company has a current ratio of 2.17, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. The stock has a market cap of $222.48 million, a price-to-earnings ratio of 898.00 and a beta of 1.25. Trecora Resources has a 52 week low of $6.69 and a 52 week high of $14.45.
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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