Quest Resource (QRHC) Scheduled to Post Earnings on Thursday

Quest Resource (NASDAQ:QRHC) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Quest Resource (NASDAQ:QRHC) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $73.15 million during the quarter, compared to analyst estimates of $76.50 million. Quest Resource had a negative net margin of 2.29% and a positive return on equity of 5.61%. On average, analysts expect Quest Resource to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Quest Resource Stock Performance

Shares of QRHC stock opened at $7.90 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.08. The company has a market cap of $161.03 million, a PE ratio of -25.48, a PEG ratio of 1.91 and a beta of 0.66. Quest Resource has a 12-month low of $6.01 and a 12-month high of $10.85. The business’s fifty day simple moving average is $8.35 and its 200-day simple moving average is $8.72.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QRHC shares. Northland Securities began coverage on shares of Quest Resource in a report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 price objective on the stock. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. Craig Hallum decreased their price target 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. Finally, StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a report on Friday, September 6th.

Insider Activity

In related news, COO David P. Sweitzer sold 22,593 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 8,511 shares of the company’s stock, valued at $68,088. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.84% of the company’s stock.

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.