Brokerages expect that Quest Resource Holding Corp (NASDAQ:QRHC) will announce earnings of ($0.03) per share for the current quarter, Zacks reports. Two analysts have made estimates for Quest Resource’s earnings, with estimates ranging from ($0.03) to ($0.02). Quest Resource posted earnings of ($0.09) per share during the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, May 15th.
On average, analysts expect that Quest Resource will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.02. For the next year, analysts forecast that the firm will report earnings of $0.14 per share, with EPS estimates ranging from $0.10 to $0.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Quest Resource.
Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings data on Thursday, March 14th. The business services provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $25.26 million for the quarter, compared to analysts’ expectations of $26.74 million. Quest Resource had a negative net margin of 2.35% and a negative return on equity of 3.02%.
A number of equities research analysts recently commented on QRHC shares. Roth Capital reissued a “buy” rating on shares of Quest Resource in a research note on Monday, April 15th. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Quest Resource in a research note on Friday, March 22nd.
NASDAQ QRHC traded up $0.07 during trading hours on Tuesday, reaching $2.12. The company’s stock had a trading volume of 2,150 shares, compared to its average volume of 17,032. The stock has a market cap of $32.19 million, a price-to-earnings ratio of -17.67, a PEG ratio of 9.33 and a beta of 2.18. Quest Resource has a fifty-two week low of $1.26 and a fifty-two week high of $3.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.
In other Quest Resource news, Director Jeffrey D. Forte sold 500,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $1.50, for a total value of $750,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mitchell A. Saltz sold 3,700,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $1.74, for a total transaction of $6,438,000.00. The disclosure for this sale can be found here. 48.06% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in QRHC. Essex Investment Management Co. LLC lifted its holdings in Quest Resource by 120.5% in the 4th quarter. Essex Investment Management Co. LLC now owns 131,453 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 71,835 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Quest Resource by 18.8% in the 3rd quarter. Renaissance Technologies LLC now owns 226,370 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 35,760 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Quest Resource by 124.3% in the 4th quarter. Deutsche Bank AG now owns 20,185 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 11,185 shares in the last quarter. Institutional investors own 14.00% of the company’s stock.
About Quest Resource
Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.
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