Brokerages forecast that Trecora Resources (NYSE:TREC) will post $0.14 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Trecora Resources’ earnings, with estimates ranging from $0.09 to $0.18. Trecora Resources reported earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The company is scheduled to report its next quarterly 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 year, with EPS estimates ranging from $0.44 to $0.58. For the next fiscal year, analysts forecast that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.81 to $0.90. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Trecora Resources.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.07). The firm had revenue of $68.11 million during the quarter, compared to the consensus estimate of $70.30 million. Trecora Resources had a return on equity of 4.84% and a net margin of 7.58%.
Separately, Zacks Investment Research downgraded shares of Trecora Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th.
A number of hedge funds and other institutional investors have recently made changes to their positions in TREC. California Public Employees Retirement System raised its stake 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 valued at $723,000 after acquiring an additional 4,191 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Trecora Resources by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 899,562 shares of the basic materials company’s stock valued at $13,359,000 after acquiring an additional 75,940 shares in the last quarter. BlackRock Inc. raised its stake in shares of Trecora Resources by 9.8% during the second quarter. BlackRock Inc. now owns 1,057,352 shares of the basic materials company’s stock valued at $15,702,000 after acquiring an additional 94,281 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Trecora Resources by 50.0% during the second quarter. Cadence Capital Management LLC now owns 179,024 shares of the basic materials company’s stock valued at $2,659,000 after acquiring an additional 59,658 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Trecora Resources by 9.2% during the second quarter. Royce & Associates LP now owns 518,100 shares of the basic materials company’s stock valued at $7,694,000 after acquiring an additional 43,500 shares in the last quarter. 48.53% of the stock is owned by institutional investors and hedge funds.
NYSE TREC remained flat at $$14.05 during trading on Friday. 30,356 shares of the company’s stock traded hands, compared to its average volume of 22,768. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $342.81 million, a P/E ratio of 31.93 and a beta of 1.38. Trecora Resources has a twelve month low of $10.25 and a twelve month high of $15.60.
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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