Analysts Expect Quest Resource Holding Corp (QRHC) to Post ($0.01) EPS

Quest Resource Holding Corp (NASDAQ:QRHC) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $3.75 for the company and are predicting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Quest Resource an industry rank of 158 out of 256 based on the ratings given to related companies.

A number of research firms recently issued reports on QRHC. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Quest Resource in a research note on Friday, March 22nd. Roth Capital reiterated a “buy” rating on shares of Quest Resource in a research note on Monday, April 15th.

NASDAQ:QRHC opened at $2.57 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.23 and a quick ratio of 1.23. Quest Resource has a 52-week low of $1.26 and a 52-week high of $3.10.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Wednesday, May 15th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Quest Resource had a negative return on equity of 1.13% and a negative net margin of 1.22%. The company had revenue of $26.65 million for the quarter, compared to analyst estimates of $26.49 million. On average, analysts forecast that Quest Resource will post 0.01 earnings per share for the current year.

In other Quest Resource news, insider Mitchell A. Saltz sold 3,700,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $1.74, for a total value of $6,438,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey D. Forte sold 500,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $1.50, for a total value of $750,000.00. The disclosure for this sale can be found here. 48.06% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake 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 worth $580,000 after acquiring an additional 35,760 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Quest Resource by 9.4% in the 1st quarter. Essex Investment Management Co. LLC now owns 143,795 shares of the business services provider’s stock worth $237,000 after acquiring an additional 12,342 shares during the last quarter. Finally, Deutsche Bank AG increased its stake 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 worth $27,000 after acquiring an additional 11,185 shares during the last quarter. Institutional investors and hedge funds own 14.01% of the company’s stock.

Quest Resource Company Profile

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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