Wall Street analysts forecast that Quest Resource Holding Corp (NASDAQ:QRHC) will report $28.16 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Quest Resource’s earnings. The highest sales estimate is $28.33 million and the lowest is $28.00 million. Quest Resource posted sales of $27.93 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The firm is expected to issue its next earnings results on Tuesday, August 13th.
According to Zacks, analysts expect that Quest Resource will report full year sales of $116.46 million for the current year, with estimates ranging from $115.20 million to $117.72 million. For the next financial year, analysts forecast that the business will report sales of $136.83 million, with estimates ranging from $132.00 million to $141.66 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Quest Resource.
Quest Resource (NASDAQ:QRHC) last released its quarterly earnings results on Wednesday, May 15th. The business services provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Quest Resource had a negative net margin of 1.22% and a negative return on equity of 1.13%. The company had revenue of $26.65 million for the quarter, compared to the consensus estimate of $26.49 million.
In related news, Director Jeffrey D. Forte sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $1.50, for a total value of $750,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mitchell A. Saltz sold 3,700,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $1.74, for a total transaction of $6,438,000.00. The disclosure for this sale can be found here. 48.06% of the stock is owned by insiders.
An institutional investor recently raised its position in Quest Resource stock. Essex Investment Management Co. LLC increased its position in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,795 shares of the business services provider’s stock after acquiring an additional 12,342 shares during the quarter. Essex Investment Management Co. LLC owned 0.94% of Quest Resource worth $237,000 as of its most recent SEC filing. Institutional investors own 14.01% of the company’s stock.
Shares of QRHC stock traded up $0.09 during midday trading on Friday, reaching $2.66. 1,682 shares of the company were exchanged, compared to its average volume of 32,392. Quest Resource has a 12 month low of $1.26 and a 12 month high of $3.10. The company has a market capitalization of $39.45 million, a price-to-earnings ratio of -22.17, a price-to-earnings-growth ratio of 17.13 and a beta of 1.53. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.09.
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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