Shares of Quest Resource Holding Corp (NASDAQ:QRHC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $5.00 for the company and are forecasting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Quest Resource an industry rank of 41 out of 255 based on the ratings given to related companies.
QRHC has been the topic of several analyst reports. ValuEngine upgraded Quest Resource from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. HC Wainwright reduced their price objective on Quest Resource from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st.
Shares of QRHC traded up $0.12 during midday trading on Friday, hitting $2.54. 500 shares of the stock were exchanged, compared to its average volume of 19,493. Quest Resource has a 52-week low of $1.08 and a 52-week high of $2.91. The firm has a market cap of $36.60 million, a P/E ratio of -6.45 and a beta of 2.82. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.
Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings data on Tuesday, August 14th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $27.93 million for the quarter, compared to analysts’ expectations of $27.13 million. Quest Resource had a negative return on equity of 7.29% and a negative net margin of 4.21%. sell-side analysts expect that Quest Resource will post -0.09 earnings per share for the current year.
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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