Quest Resource Holding Co. (NASDAQ:QRHC) to Post Q3 2024 Earnings of ($0.02) Per Share, Northland Capmk Forecasts

Quest Resource Holding Co. (NASDAQ:QRHC) – Research analysts at Northland Capmk issued their Q3 2024 EPS estimates for Quest Resource in a report issued on Tuesday, September 17th. Northland Capmk analyst O. Rickert anticipates that the business services provider will earn ($0.02) per share for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Quest Resource’s current full-year earnings is $0.28 per share. Northland Capmk also issued estimates for Quest Resource’s Q4 2024 earnings at ($0.03) EPS, FY2024 earnings at ($0.16) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.02) EPS.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The company had revenue of $73.15 million during the quarter, compared to the consensus estimate of $76.50 million. Quest Resource had a positive return on equity of 5.61% and a negative net margin of 2.29%.

Other research analysts have also recently issued research reports about the stock. Craig Hallum dropped their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities started coverage on Quest Resource in a research note on Tuesday. They issued an “outperform” rating and a $12.50 price objective for the company. Finally, StockNews.com raised Quest Resource from a “sell” rating to a “hold” rating in a research note on Friday, September 6th.

Quest Resource Stock Down 0.2 %

QRHC stock opened at $8.94 on Thursday. The stock has a market capitalization of $182.20 million, a P/E ratio of -31.93, a price-to-earnings-growth ratio of 2.07 and a beta of 0.65. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.08. Quest Resource has a 12 month low of $6.01 and a 12 month high of $10.85. The firm has a 50-day moving average price of $8.50 and a 200-day moving average price of $8.70.

Institutional Trading of Quest Resource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Quest Resource during the 2nd quarter valued at approximately $34,000. Dimensional Fund Advisors LP boosted its holdings in shares of Quest Resource by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock worth $1,484,000 after buying an additional 7,945 shares in the last quarter. Privium Fund Management B.V. boosted its holdings in shares of Quest Resource by 72.6% during the 2nd quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock worth $168,000 after buying an additional 7,950 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Quest Resource by 2.7% during the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock worth $3,058,000 after buying an additional 9,490 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Quest Resource by 453.5% during the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock worth $158,000 after buying an additional 15,115 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

Insider Activity

In other news, COO David P. Sweitzer sold 22,593 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total value of $180,744.00. Following the completion of the transaction, the chief operating officer now owns 8,511 shares of the company’s stock, valued at $68,088. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total transaction of $180,744.00. Following the completion of the sale, the chief operating officer now owns 8,511 shares of the company’s stock, valued at approximately $68,088. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David P. Sweitzer sold 19,841 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $8.40, for a total transaction of $166,664.40. Following the sale, the chief operating officer now directly owns 8,511 shares of the company’s stock, valued at approximately $71,492.40. The disclosure for this sale can be found here. 22.84% of the stock is currently owned by insiders.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.