Analysts expect that Quest Resource Holding Corp (NASDAQ:QRHC) will post $26.74 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quest Resource’s earnings, with the highest sales estimate coming in at $27.48 million and the lowest estimate coming in at $26.00 million. Quest Resource reported sales of $22.51 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, April 1st.

On average, analysts expect that Quest Resource will report full-year sales of $105.26 million for the current financial year, with estimates ranging from $104.50 million to $106.02 million. For the next fiscal year, analysts expect that the company will post sales of $122.27 million, with estimates ranging from $119.50 million to $125.04 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Quest Resource.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Tuesday, November 13th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $25.92 million for the quarter, compared to analysts’ expectations of $31.14 million. Quest Resource had a negative return on equity of 5.74% and a negative net margin of 4.07%.

Separately, HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Quest Resource in a research note on Friday, November 16th.

QRHC stock opened at $1.38 on Thursday. The company has a market cap of $21.44 million, a P/E ratio of -3.63 and a beta of 2.49. Quest Resource has a fifty-two week low of $1.35 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.18.

In other Quest Resource news, Director Mitchell A. Saltz sold 20,000 shares of Quest Resource stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $2.58, for a total transaction of $51,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mitchell A. Saltz sold 28,500 shares of Quest Resource stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $2.71, for a total value of $77,235.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,000 shares of company stock valued at $196,940. 48.06% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Quest Resource stock. Essex Investment Management Co. LLC purchased a new position in shares of Quest Resource Holding Corp (NASDAQ:QRHC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 59,618 shares of the business services provider’s stock, valued at approximately $153,000. Essex Investment Management Co. LLC owned 0.39% of Quest Resource as of its most recent SEC filing. 13.75% of the stock is owned by hedge funds and other institutional investors.

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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