Equities research analysts expect Quest Resource Holding Corp (NASDAQ:QRHC) to announce earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Quest Resource’s earnings. Quest Resource posted earnings per share of ($0.10) in the same quarter last year, which suggests a positive year over year growth rate of 90%. The company is scheduled to announce its next quarterly earnings report on Monday, April 1st.

On average, analysts expect that Quest Resource will report full year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.18) to ($0.17). For the next year, analysts anticipate that the company will post earnings of $0.06 per share, with EPS estimates ranging from $0.03 to $0.08. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Quest Resource.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Tuesday, November 13th. The business services provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). Quest Resource had a negative return on equity of 5.74% and a negative net margin of 4.07%. The business had revenue of $25.92 million during the quarter, compared to the consensus estimate of $31.14 million.

Separately, HC Wainwright dropped their price target on Quest Resource from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st.

QRHC stock opened at $1.35 on Tuesday. Quest Resource has a 1-year low of $1.35 and a 1-year high of $3.10. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $21.13 million, a price-to-earnings ratio of -3.55 and a beta of 2.49.

In other Quest Resource news, Director Mitchell A. Saltz sold 28,500 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $2.71, for a total value of $77,235.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $2.58, for a total value of $51,600.00. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock valued at $196,940 over the last 90 days. 48.06% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Quest Resource stock. Essex Investment Management Co. LLC acquired a new position in shares of Quest Resource Holding Corp (NASDAQ:QRHC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 59,618 shares of the business services provider’s stock, valued at approximately $153,000. Essex Investment Management Co. LLC owned approximately 0.39% of Quest Resource at the end of the most recent reporting period. Institutional investors and hedge funds own 13.75% of the company’s stock.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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