Quest Resource Holding (QRHC) Expected to Post Quarterly Sales of $24.83 Million

Equities analysts predict that Quest Resource Holding (NASDAQ:QRHC) will post sales of $24.83 million for the current quarter, according to Zacks. Two analysts have made estimates for Quest Resource’s earnings. The lowest sales estimate is $23.86 million and the highest is $25.80 million. Quest Resource reported sales of $42.54 million in the same quarter last year, which indicates a negative year over year growth rate of 41.6%. The company is scheduled to announce its next quarterly earnings report on Monday, May 21st.

On average, analysts expect that Quest Resource will report full year sales of $139.37 million for the current year, with estimates ranging from $136.50 million to $142.24 million. For the next financial year, analysts forecast that the business will post sales of $168.30 million per share, with estimates ranging from $160.00 million to $176.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Quest Resource.

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Quest Resource (NASDAQ:QRHC) last released its quarterly earnings results on Monday, April 2nd. The business services provider reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04). The firm had revenue of $22.51 million during the quarter, compared to analyst estimates of $31.90 million. Quest Resource had a negative net margin of 4.21% and a negative return on equity of 9.10%.

A number of research firms have commented on QRHC. ValuEngine upgraded shares of Quest Resource from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. HC Wainwright set a $5.00 price target on shares of Quest Resource and gave the company a “buy” rating in a research report on Tuesday, April 3rd.

NASDAQ:QRHC traded up $0.01 on Friday, reaching $1.89. The stock had a trading volume of 4,476 shares, compared to its average volume of 23,043. Quest Resource has a 1-year low of $1.03 and a 1-year high of $3.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.29 and a current ratio of 1.29.

An institutional investor recently raised its position in Quest Resource stock. Renaissance Technologies LLC raised its position in Quest Resource Holding (NASDAQ:QRHC) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,851 shares of the business services provider’s stock after buying an additional 24,900 shares during the period. Renaissance Technologies LLC owned 1.09% of Quest Resource worth $381,000 as of its most recent SEC filing. 12.12% of the stock is owned by hedge funds and other institutional investors.

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Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides management programs to 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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