Analysts expect Quest Resource Holding Corp (NASDAQ:QRHC) to post $26.74 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Quest Resource’s earnings. The lowest sales estimate is $26.00 million and the highest is $27.48 million. Quest Resource posted sales of $22.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.8%. The business is expected to announce its next 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 year, with estimates ranging from $104.50 million to $106.02 million. For the next fiscal year, analysts forecast that the company will post sales of $122.27 million, with estimates ranging from $119.50 million to $125.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Quest Resource.
Quest Resource (NASDAQ:QRHC) last issued its earnings results on Tuesday, November 13th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $25.92 million during the quarter, compared to analyst estimates of $31.14 million. Quest Resource had a negative net margin of 4.07% and a negative return on equity of 5.74%.
Several analysts recently issued reports on the company. ValuEngine raised Quest Resource from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Quest Resource in a research report on Friday, November 16th.
A hedge fund recently raised its stake in Quest Resource stock. Renaissance Technologies LLC raised its holdings in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,370 shares of the business services provider’s stock after acquiring an additional 35,760 shares during the period. Renaissance Technologies LLC owned approximately 1.48% of Quest Resource worth $580,000 at the end of the most recent quarter. 13.68% of the stock is currently owned by hedge funds and other institutional investors.
QRHC stock opened at $1.53 on Thursday. The firm has a market cap of $23.12 million, a price-to-earnings ratio of -4.03, a PEG ratio of 1.80 and a beta of 2.06. Quest Resource has a twelve month low of $1.26 and a twelve month high of $3.10. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.08.
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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