Analysts forecast that Quest Resource Holding Corp (NASDAQ:QRHC) will post sales of $33.14 million for the current quarter, according to Zacks. Two analysts have made estimates for Quest Resource’s earnings, with the highest sales estimate coming in at $35.00 million and the lowest estimate coming in at $31.28 million. Quest Resource reported sales of $31.93 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The business is expected to announce its next quarterly earnings report on Tuesday, November 13th.
On average, analysts expect that Quest Resource will report full-year sales of $122.30 million for the current financial year, with estimates ranging from $121.60 million to $123.01 million. For the next financial year, analysts expect that the business will report sales of $148.05 million, with estimates ranging from $145.10 million to $151.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Quest Resource.
Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings data on Tuesday, August 14th. The business services provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Quest Resource had a negative net margin of 4.21% and a negative return on equity of 7.29%. The business had revenue of $27.93 million for the quarter, compared to analyst estimates of $27.13 million.
In other Quest Resource news, Director Mitchell A. Saltz sold 26,500 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $2.57, for a total value of $68,105.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell A. Saltz sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $2.58, for a total transaction of $51,600.00. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock valued at $196,940 in the last ninety days. Insiders own 48.06% of the company’s stock.
NASDAQ QRHC traded up $0.09 during trading hours on Wednesday, hitting $2.70. The company’s stock had a trading volume of 9,307 shares, compared to its average volume of 22,933. Quest Resource has a twelve month low of $1.08 and a twelve month high of $2.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $39.20 million, a P/E ratio of -7.11 and a beta of 2.78.
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.
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