Zacks: Analysts Expect Trecora Resources (TREC) Will Post Earnings of $0.13 Per Share
Equities research analysts predict that Trecora Resources (NYSE:TREC) will report earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trecora Resources’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. Trecora Resources posted earnings per share of $0.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 62.5%. The business is scheduled to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Trecora Resources will report full year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.40. For the next year, analysts expect that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.74 to $0.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Trecora Resources.
Trecora Resources (NYSE:TREC) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $62.12 million for the quarter, compared to the consensus estimate of $56.68 million. Trecora Resources had a return on equity of 3.95% and a net margin of 0.97%.
A number of research firms have weighed in on TREC. B. Riley restated a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a research note on Monday. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday. Singular Research decreased their price target on Trecora Resources from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 27th. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research downgraded Trecora Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Trecora Resources has an average rating of “Hold” and a consensus target price of $15.00.
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Shares of Trecora Resources (NYSE:TREC) traded down 1.033% during midday trading on Monday, reaching $11.975. The company’s stock had a trading volume of 24,884 shares. The firm has a market cap of $290.42 million, a price-to-earnings ratio of 21.812 and a beta of 1.56. The company has a 50-day moving average price of $11.49 and a 200-day moving average price of $11.56. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80.
In other news, Director John Richard Townsend sold 14,145 shares of Trecora Resources stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $11.33, for a total transaction of $160,262.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark D. Williamson sold 10,000 shares of Trecora Resources stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $10.90, for a total value of $109,000.00. Following the transaction, the vice president now owns 24,277 shares of the company’s stock, valued at $264,619.30. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TREC. American International Group Inc. increased its position in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after buying an additional 813 shares in the last quarter. Renaissance Technologies LLC increased its stake in Trecora Resources by 0.6% in the fourth quarter. Renaissance Technologies LLC now owns 221,400 shares of the basic materials company’s stock valued at $3,066,000 after buying an additional 1,400 shares during the period. Bard Associates Inc. increased its stake in Trecora Resources by 1.3% in the first quarter. Bard Associates Inc. now owns 112,100 shares of the basic materials company’s stock valued at $1,244,000 after buying an additional 1,475 shares during the period. Rhumbline Advisers increased its stake in Trecora Resources by 7.7% in the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after buying an additional 1,735 shares during the period. Finally, Teachers Advisors LLC increased its stake in Trecora Resources by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock valued at $440,000 after buying an additional 1,846 shares during the period. Institutional investors own 35.79% of the company’s stock.
Trecora Resources Company Profile
Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).
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