Wall Street analysts predict that Quest Resource Holding Corp (NASDAQ:QRHC) will report $28.16 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Quest Resource’s earnings, with estimates ranging from $28.00 million to $28.33 million. Quest Resource reported sales of $27.93 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.8%. The company is expected to issue its next earnings report 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 expect that the firm will report sales of $136.83 million, with estimates ranging from $132.00 million to $141.66 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Quest Resource.

Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings data on Wednesday, May 15th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $26.49 million.

Several equities research analysts have recently issued reports on QRHC shares. HC Wainwright reissued a “buy” rating and set a $4.00 price objective on shares of Quest Resource in a research report on Friday, March 22nd. Roth Capital reissued a “buy” rating on shares of Quest Resource in a research report on Monday, April 15th.

Shares of QRHC stock traded down $0.05 during trading hours on Thursday, hitting $2.40. 15,100 shares of the company were exchanged, compared to its average volume of 17,618. The company has a quick ratio of 1.25, a current ratio of 1.23 and a debt-to-equity ratio of 0.09. Quest Resource has a 52 week low of $1.26 and a 52 week high of $3.10. The company has a market capitalization of $37.56 million, a price-to-earnings ratio of -20.00, a P/E/G ratio of 16.33 and a beta of 2.18.

In related news, Director Jeffrey D. Forte sold 500,000 shares of the firm’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mitchell A. Saltz sold 3,700,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were 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 corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC grew its position in Quest Resource by 120.5% in the fourth quarter. Essex Investment Management Co. LLC now owns 131,453 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 71,835 shares in the last quarter. Renaissance Technologies LLC grew its position in Quest Resource by 18.8% in the third quarter. Renaissance Technologies LLC now owns 226,370 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 35,760 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Quest Resource by 124.3% in the fourth quarter. Deutsche Bank AG now owns 20,185 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 11,185 shares in the last quarter. 14.00% of the stock is owned by institutional investors and hedge funds.

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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