Trecora Resources (TREC) Expected to Post Quarterly Sales of $78.85 Million
Analysts forecast that Trecora Resources (NYSE:TREC) will post $78.85 million in sales 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 $82.70 million and the lowest estimate coming in at $75.00 million. Trecora Resources posted sales of $65.98 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.5%. The company is scheduled to announce its next earnings results on Wednesday, March 6th.
According to Zacks, analysts expect that Trecora Resources will report full-year sales of $292.13 million for the current financial year, with estimates ranging from $288.26 million to $296.00 million. For the next year, analysts expect that the firm will post sales of $323.65 million, with estimates ranging from $316.00 million to $331.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Trecora Resources.
Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Wednesday, October 31st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.12). Trecora Resources had a net margin of 6.06% and a return on equity of 3.43%. The business had revenue of $73.42 million during the quarter, compared to the consensus estimate of $72.26 million.
Trecora Resources stock opened at $8.75 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.31 and a quick ratio of 1.58. Trecora Resources has a 12-month low of $6.69 and a 12-month high of $15.60. The stock has a market capitalization of $212.06 million, a P/E ratio of 19.89 and a beta of 1.47.
In other news, CEO Simon H. Upfill-Brown acquired 5,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $9.38 per share, with a total value of $46,900.00. Following the acquisition, the chief executive officer now owns 103,965 shares of the company’s stock, valued at approximately $975,191.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Peter Matthews Loggenberg acquired 3,945 shares of the company’s stock in a transaction on Monday, November 5th. The shares were purchased at an average cost of $9.60 per share, with a total value of $37,872.00. Following the completion of the acquisition, the insider now directly owns 30,969 shares in the company, valued at approximately $297,302.40. The disclosure for this purchase can be found here. Insiders have sold a total of 48,079 shares of company stock valued at $402,919 over the last three months. Company insiders own 6.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Price Capital Management Inc. acquired a new position in shares of Trecora Resources during the 3rd quarter worth about $122,000. MetLife Investment Advisors LLC grew its position in shares of Trecora Resources by 65.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,863 shares of the basic materials company’s stock worth $250,000 after buying an additional 7,044 shares during the period. First Trust Advisors LP acquired a new position in shares of Trecora Resources during the 3rd quarter worth about $437,000. Teton Advisors Inc. acquired a new position in shares of Trecora Resources during the 3rd quarter worth about $531,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Trecora Resources by 15.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,945 shares of the basic materials company’s stock worth $609,000 after buying an additional 5,445 shares during the period. Institutional investors own 42.72% of the company’s stock.
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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