-$0.03 EPS Expected for Quest Resource Holding Corp (QRHC) This Quarter

Wall Street analysts expect Quest Resource Holding Corp (NASDAQ:QRHC) to announce ($0.03) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Quest Resource’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). Quest Resource reported earnings per share of ($0.09) during the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The company is scheduled to report its next earnings report on Tuesday, May 21st.

According to Zacks, analysts expect that Quest Resource will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from $0.01 to $0.02. For the next financial year, analysts expect that the firm will report earnings of $0.14 per share, with EPS estimates ranging from $0.10 to $0.18. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Quest Resource.

Quest Resource (NASDAQ:QRHC) last released its earnings results 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 company had revenue of $25.26 million for the quarter, compared to analyst estimates of $26.74 million. Quest Resource had a negative net margin of 2.35% and a negative return on equity of 3.02%.

QRHC has been the topic of a number of analyst reports. Roth Capital restated a “buy” rating on shares of Quest Resource in a report on Monday, April 15th. ValuEngine raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Quest Resource in a research report on Friday, March 22nd.

In other news, insider Mitchell A. Saltz sold 3,700,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $1.74, for a total value of $6,438,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey D. Forte sold 500,000 shares of the firm’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. Company insiders own 48.06% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QRHC. Deutsche Bank AG lifted its stake in shares of Quest Resource by 124.3% in the fourth 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 during the period. Essex Investment Management Co. LLC lifted its stake in shares of Quest Resource by 120.5% in 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 purchasing an additional 71,835 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Quest Resource by 18.8% in the third 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 during the period. Institutional investors own 13.93% of the company’s stock.

Shares of QRHC traded up $0.04 during midday trading on Friday, reaching $1.91. The stock had a trading volume of 12,742 shares, compared to its average volume of 31,855. Quest Resource has a 1-year low of $1.26 and a 1-year high of $3.10. The firm has a market capitalization of $29.28 million, a price-to-earnings ratio of -15.92, a PEG ratio of 8.49 and a beta of 2.07. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

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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