Brokerages expect Quest Resource Holding Corporation. (NASDAQ:QRHC) to post ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Quest Resource’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.05). Quest Resource posted earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The business is expected to announce its next quarterly earnings report on Friday, March 30th.

According to Zacks, analysts expect that Quest Resource will report full-year earnings of ($0.34) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.33). For the next year, analysts forecast that the business will post earnings of $0.02 per share, with EPS estimates ranging from $0.00 to $0.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Quest Resource.

Quest Resource (NASDAQ:QRHC) last released its earnings results on Tuesday, November 14th. The business services provider reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The firm had revenue of $31.93 million for the quarter, compared to analysts’ expectations of $33.77 million. Quest Resource had a negative return on equity of 8.57% and a negative net margin of 3.47%.

Several research firms have commented on QRHC. ValuEngine cut Quest Resource from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. HC Wainwright set a $5.00 price target on Quest Resource and gave the stock a “buy” rating in a research report on Wednesday, August 16th.

Quest Resource (QRHC) traded up $0.01 during midday trading on Wednesday, reaching $2.04. The company’s stock had a trading volume of 46,169 shares, compared to its average volume of 72,328. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. Quest Resource has a 12-month low of $1.03 and a 12-month high of $3.00.

In other Quest Resource news, Director Mitchell A. Saltz sold 41,423 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1.94, for a total transaction of $80,360.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mitchell A. Saltz sold 26,852 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $1.96, for a total value of $52,629.92. The disclosure for this sale can be found here. Insiders have sold a total of 274,275 shares of company stock worth $535,611 in the last ninety days. Insiders own 50.15% of the company’s stock.

A hedge fund recently raised its stake in Quest Resource stock. Renaissance Technologies LLC increased its holdings in shares of Quest Resource Holding Corporation. (NASDAQ:QRHC) by 27.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,151 shares of the business services provider’s stock after acquiring an additional 17,700 shares during the quarter. Renaissance Technologies LLC owned about 0.54% of Quest Resource worth $195,000 as of its most recent SEC filing. Institutional investors own 10.83% of the company’s stock.

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About Quest Resource

Quest Resource Holding Corporation (QRHC) provides businesses with one-stop management programs to reuse, recycle and dispose of a range of waste streams and recyclables generated by their businesses and operate social media and online data platforms that contain information and instructions to recycle or properly dispose of household products and materials.

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