$71.10 Million in Sales Expected for Trecora Resources (TREC) This Quarter
Brokerages forecast that Trecora Resources (NYSE:TREC) will post $71.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trecora Resources’ earnings, with the lowest sales estimate coming in at $69.50 million and the highest estimate coming in at $72.70 million. Trecora Resources reported sales of $71.74 million during the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The firm is scheduled to report its next earnings results on Tuesday, May 7th.
On average, analysts expect that Trecora Resources will report full-year sales of $298.60 million for the current year, with estimates ranging from $295.00 million to $302.20 million. For the next financial year, analysts expect that the firm will post sales of $307.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Trecora Resources.
Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.20). Trecora Resources had a negative net margin of 0.81% and a positive return on equity of 0.12%. The firm had revenue of $74.67 million during the quarter, compared to the consensus estimate of $78.85 million.
A number of institutional investors have recently made changes to their positions in TREC. Oregon Public Employees Retirement Fund bought a new stake in Trecora Resources during the fourth quarter valued at approximately $90,000. Bank of America Corp DE lifted its position in Trecora Resources by 56.0% during the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 5,076 shares during the last quarter. Rhumbline Advisers lifted its position in Trecora Resources by 43.5% during the fourth quarter. Rhumbline Advisers now owns 29,777 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 9,030 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in Trecora Resources by 65.1% during the third quarter. MetLife Investment Advisors LLC now owns 17,863 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 7,044 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Trecora Resources by 18.8% during the fourth quarter. First Trust Advisors LP now owns 37,120 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 5,879 shares during the last quarter. Institutional investors and hedge funds own 48.61% of the company’s stock.
Shares of TREC stock traded down $0.01 during trading hours on Monday, reaching $8.85. The stock had a trading volume of 124,570 shares, compared to its average volume of 44,697. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.58 and a current ratio of 2.31. Trecora Resources has a 12 month low of $6.69 and a 12 month high of $15.60.
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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