Quest Resource Holding Corp (QRHC) Expected to Post Quarterly Sales of $27.13 Million

Equities analysts predict that Quest Resource Holding Corp (NASDAQ:QRHC) will report sales of $27.13 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Quest Resource’s earnings. The lowest sales estimate is $26.25 million and the highest is $28.00 million. Quest Resource reported sales of $41.37 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.4%. The company is expected to announce its next quarterly earnings report on Monday, August 13th.

On average, analysts expect that Quest Resource will report full-year sales of $135.39 million for the current year, with estimates ranging from $127.70 million to $143.08 million. For the next financial year, analysts forecast that the firm will post sales of $168.30 million per share, with estimates ranging from $160.00 million to $176.59 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Quest Resource.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Monday, April 2nd. The business services provider reported ($0.10) EPS for the quarter. The company had revenue of $22.51 million during the quarter, compared to analysts’ expectations of $31.90 million. Quest Resource had a negative return on equity of 8.32% and a negative net margin of 4.34%.

Several research analysts recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price target on shares of Quest Resource in a research note on Wednesday, May 16th. ValuEngine downgraded shares of Quest Resource from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 28th.

A hedge fund recently raised its stake in Quest Resource stock. Renaissance Technologies LLC boosted its holdings in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,851 shares of the business services provider’s stock after acquiring an additional 24,900 shares during the period. Renaissance Technologies LLC owned about 1.09% of Quest Resource worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 13.60% of the stock is currently owned by institutional investors.

Quest Resource traded down $0.01, hitting $2.01, during trading on Friday, MarketBeat reports. The company had a trading volume of 2,800 shares, compared to its average volume of 21,265. The company has a market capitalization of $30.76 million, a PE ratio of -5.29, a P/E/G ratio of 8.93 and a beta of 2.82. Quest Resource has a 52-week low of $1.03 and a 52-week high of $2.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.15 and a quick ratio of 1.15.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides management programs to 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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