The Trecora Resources (TREC) Expected to Post Earnings of $0.07 Per Share

The Trecora Resources (TREC) Expected to Post Earnings of $0.07 Per Share

According to Zacks, analysts expect that Trecora Resources will report full-year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.49. For the next fiscal year, analysts anticipate that the business will report earnings of $0.64 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Trecora Resources.

Brokerages predict that Trecora Resources (NYSE:TREC) will post earnings of $0.07 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trecora Resources’ earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.10. Trecora Resources posted earnings of $0.14 per share during the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 3rd.

Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. Trecora Resources had a net margin of 9.68% and a return on equity of 7.94%. The company earned $55.54 million during the quarter, compared to the consensus estimate of $55.73 million. Several equities research analysts have recently weighed in on TREC shares. Roth Capital set a $14.00 target price on shares of Trecora Resources and gave the stock a “buy” rating in a research report on Thursday, March 2nd. B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of Trecora Resources in a research report on Monday, February 27th. Singular Research dropped their target price on shares of Trecora Resources from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, April 27th. TheStreet lowered shares of Trecora Resources from a “b-” rating to a “c” rating in a report on Wednesday, March 1st. Finally, Zacks Investment Research raised shares of Trecora Resources from a “strong sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.83.

Trecora Resources (NYSE:TREC) traded down 0.44% during trading on Wednesday, reaching $11.25. 59,755 shares of the company’s stock traded hands. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80. The stock has a 50-day moving average price of $11.06 and a 200 day moving average price of $12.03. The stock has a market capitalization of $272.84 million, a P/E ratio of 14.42 and a beta of 1.25. Hedge funds and other institutional investors have recently bought and sold shares of the stock. TFS Capital LLC acquired a new position in Trecora Resources during the first quarter valued at approximately $113,000. First Trust Advisors LP acquired a new position in Trecora Resources during the third quarter valued at approximately $122,000. Oxford Asset Management acquired a new position in Trecora Resources during the fourth quarter valued at approximately $160,000. Stanley Laman Group Ltd. raised its position in Trecora Resources by 5.5% in the third quarter. Stanley Laman Group Ltd. now owns 15,460 shares of the basic materials company’s stock valued at $177,000 after buying an additional 800 shares during the period. Finally, Wynnefield Capital Inc. acquired a new position in Trecora Resources during the fourth quarter valued at approximately $409,000. 33.06% of the stock is owned by institutional investors and hedge funds.

Trecora Resources (NYSE:TREC) traded down 0.44% during trading on Wednesday, reaching $11.25. 59,755 shares of the company’s stock traded hands. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80. The stock has a 50-day moving average price of $11.06 and a 200 day moving average price of $12.03. The stock has a market capitalization of $272.84 million, a P/E ratio of 14.42 and a beta of 1.25. About Trecora Resources

Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).

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