Analysts expect Trecora Resources (NYSE:TREC) to post sales of $71.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trecora Resources’ earnings, with estimates ranging from $68.70 million to $74.70 million. Trecora Resources posted sales of $61.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that Trecora Resources will report full year sales of $287.47 million for the current financial year, with estimates ranging from $279.15 million to $295.80 million. For the next year, analysts anticipate that the company will post sales of $311.00 million, with estimates ranging from $295.00 million to $327.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Trecora Resources.
Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The company had revenue of $68.11 million during the quarter, compared to analyst estimates 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 raised shares of Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday.
Shares of NYSE:TREC traded up $0.04 during trading on Friday, reaching $13.36. The company had a trading volume of 500 shares, compared to its average volume of 42,390. The firm has a market cap of $342.81 million, a P/E ratio of 30.25 and a beta of 1.32. Trecora Resources has a twelve month low of $10.25 and a twelve month high of $15.60. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.
Several large investors have recently modified their holdings of TREC. Dimensional Fund Advisors LP lifted its position in shares of Trecora Resources by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 823,622 shares of the basic materials company’s stock valued at $11,201,000 after acquiring an additional 101,063 shares in the last quarter. BlackRock Inc. lifted its position in shares of Trecora Resources by 9.8% in the 2nd 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 lifted its position in shares of Trecora Resources by 50.0% in the 2nd 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. Wedge Capital Management L L P NC lifted its position in shares of Trecora Resources by 241.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 80,130 shares of the basic materials company’s stock valued at $1,190,000 after acquiring an additional 56,671 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Trecora Resources by 9.2% in the 2nd 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. 48.52% of the stock is owned by institutional investors.
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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