Zacks: Analysts Expect Trecora Resources (TREC) to Post $0.14 EPS

Wall Street brokerages predict that Trecora Resources (NYSE:TREC) will report $0.14 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Trecora Resources’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.09. Trecora Resources posted earnings per share of $0.07 in the same quarter last year, which suggests a positive year over year growth rate of 100%. The firm is scheduled to report its next earnings results on Tuesday, November 6th.

On average, analysts expect that Trecora Resources will report full year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.58. For the next year, analysts anticipate that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.81 to $0.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Trecora Resources.

Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.07). Trecora Resources had a return on equity of 4.84% and a net margin of 7.58%. The firm had revenue of $68.11 million during the quarter, compared to analysts’ expectations of $70.30 million.

Separately, Zacks Investment Research lowered shares of Trecora Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th.

Trecora Resources stock remained flat at $$14.05 during midday trading on Friday. 30,356 shares of the company were exchanged, compared to its average volume of 22,768. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.03 and a quick ratio of 1.39. Trecora Resources has a 12 month low of $10.25 and a 12 month high of $15.60. The stock has a market cap of $342.81 million, a price-to-earnings ratio of 31.93 and a beta of 1.38.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Trecora Resources during the second quarter worth approximately $378,000. Schwab Charles Investment Management Inc. increased its position in shares of Trecora Resources by 15.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 40,945 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 5,445 shares during the period. California Public Employees Retirement System increased its position in shares of Trecora Resources by 9.4% during the second quarter. California Public Employees Retirement System now owns 48,691 shares of the basic materials company’s stock worth $723,000 after acquiring an additional 4,191 shares during the period. Wells Fargo & Company MN increased its position in shares of Trecora Resources by 11.4% during the first quarter. Wells Fargo & Company MN now owns 49,320 shares of the basic materials company’s stock worth $671,000 after acquiring an additional 5,050 shares during the period. Finally, Wynnefield Capital Inc. increased its position in shares of Trecora Resources by 40.0% during the first quarter. Wynnefield Capital Inc. now owns 70,000 shares of the basic materials company’s stock worth $952,000 after acquiring an additional 20,000 shares during the period. 48.53% of the stock is currently owned by institutional investors and hedge funds.

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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