According to Zacks, “Quest Resource Holding Corporation is an environmental consulting and management company. It offers programs for recycling motor oil, oil filters, scrap tires, grease and cooking oil, expired food products, glass, cardboards, paper, metals, plastic oil bottles, hazardous materials, high density polyethylene plastics, organics, construction debris, batteries, mercury, lights, regulated medical waste, electronics, parts cleaners, used absorbents and solid waste; industrial cleaning services; landfill diversion services; equipment and installation services; environmental certification services and sustainability programs. The company serves fleet, manufacturing, hospital, retailer and commercial property industries as well as universities. Quest Resource Holding Corporation is based in Frisco, Texas. “
Several other research firms have also weighed in on QRHC. ValuEngine lowered Quest Resource from a buy rating to a hold rating in a research note on Friday, August 14th. HC Wainwright reissued a buy rating and issued a $3.50 target price on shares of Quest Resource in a research note on Friday, August 14th.
Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, August 13th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.12. The business had revenue of $21.97 million for the quarter. Quest Resource had a return on equity of 1.71% and a net margin of 1.12%. As a group, sell-side analysts expect that Quest Resource will post 0.08 EPS for the current year.
In other Quest Resource news, Director Daniel M. Friedberg purchased 655,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were bought at an average price of $1.15 per share, with a total value of $753,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wynnefield Partners Small Cap purchased 285,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $324,900.00. The disclosure for this purchase can be found here. Corporate insiders own 21.91% of the company’s stock.
About Quest Resource
Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil and automotive lubricants, oil filters, scrap tires, food waste, meat renderings, cooking oil and grease, plastics, cardboard, metal, glass, paper, and construction debris, as well as batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.
Featured Article: Does the Dogs of the Dow strategy work?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Quest Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quest Resource and related companies with MarketBeat.com's FREE daily email newsletter.