Equities research analysts expect Quest Resource Holding Corp (NASDAQ:QRHC) to announce sales of $26.49 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Quest Resource’s earnings, with estimates ranging from $26.00 million to $26.98 million. Quest Resource reported sales of $24.70 million during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, May 15th.
According to Zacks, analysts expect that Quest Resource will report full-year sales of $117.43 million for the current financial year, with estimates ranging from $116.80 million to $118.05 million. For the next year, analysts expect that the business will post sales of $137.43 million, with estimates ranging from $133.20 million to $141.66 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Quest Resource.
Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings data on Thursday, March 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $25.26 million during 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%.
Shares of NASDAQ:QRHC opened at $2.12 on Thursday. The firm has a market capitalization of $31.42 million, a P/E ratio of -17.67, a price-to-earnings-growth ratio of 9.11 and a beta of 2.18. Quest Resource has a 1 year low of $1.26 and a 1 year high of $3.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25.
In other Quest Resource news, insider Mitchell A. Saltz sold 3,700,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $1.74, for a total transaction of $6,438,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey D. Forte sold 500,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $1.50, for a total transaction of $750,000.00. The disclosure for this sale can be found here. 48.06% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG raised its position in shares of Quest Resource by 124.3% during the fourth quarter. Deutsche Bank AG now owns 20,185 shares of the business services provider’s stock valued at $27,000 after buying an additional 11,185 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of Quest Resource by 120.5% during the fourth quarter. Essex Investment Management Co. LLC now owns 131,453 shares of the business services provider’s stock valued at $179,000 after buying an additional 71,835 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Quest Resource by 18.8% during the third quarter. Renaissance Technologies LLC now owns 226,370 shares of the business services provider’s stock valued at $580,000 after buying an additional 35,760 shares during the last quarter. 14.00% of the stock is owned by institutional investors and hedge funds.
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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