Sidoti began coverage on shares of TRC Cos. (NYSE:TRR) in a research report sent to investors on Monday, The Fly reports. The firm issued a buy rating on the stock.
Shares of TRC Cos. (NYSE:TRR) opened at 9.65 on Monday. The company’s 50-day moving average price is $8.80 and its 200 day moving average price is $7.47. The company’s market cap is $301.60 million. TRC Cos. has a 12-month low of $5.79 and a 12-month high of $10.89.
TRC Cos. (NYSE:TRR) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. TRC Cos. had a positive return on equity of 10.89% and a negative net margin of 0.17%. The firm earned $124.30 million during the quarter, compared to the consensus estimate of $507.04 million. Equities analysts predict that TRC Cos. will post $0.59 earnings per share for the current year.
In other news, insider James Mayer sold 10,436 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $9.71, for a total value of $101,333.56. Following the completion of the sale, the insider now directly owns 178,468 shares in the company, valued at approximately $1,732,924.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Martin H. Dodd sold 56,700 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $9.29, for a total value of $526,743.00. Following the completion of the sale, the senior vice president now owns 185,198 shares of the company’s stock, valued at $1,720,489.42. The disclosure for this sale can be found here. Company insiders own 7.60% of the company’s stock.
About TRC Cos.
TRC Companies, Inc is an engineering, consulting and construction management firm. The Company provides integrated services to the environmental, energy and infrastructure markets, primarily in the United States. The Company operates through three segments: Energy, Environmental and Infrastructure. The Energy operating segment provides services, such as program management, engineer/procure/construct projects, design and consulting.