Quest Resource (QRHC) Scheduled to Post Earnings on Thursday

Quest Resource (NASDAQ:QRHC) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Quest Resource to post earnings of ($0.02) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Quest Resource had a positive return on equity of 5.61% and a negative net margin of 2.29%. The company had revenue of $73.15 million during the quarter, compared to the consensus estimate of $76.50 million. 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 Trading Up 3.1 %

QRHC stock opened at $7.90 on Wednesday. The firm’s fifty day simple moving average is $8.35 and its two-hundred day simple moving average is $8.72. The stock has a market capitalization of $161.03 million, a price-to-earnings ratio of -25.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.66. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.08. Quest Resource has a twelve month low of $6.01 and a twelve month high of $10.85.

Insider Activity at Quest Resource

In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total transaction of $180,744.00. Following the transaction, the chief operating officer now directly owns 8,511 shares in the company, valued at $68,088. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 22.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Craig Hallum reduced their price objective on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Northland Securities initiated coverage on Quest Resource in a report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 price objective for the company. Finally, StockNews.com upgraded Quest Resource from a “sell” rating to a “hold” rating in a research note on Friday, September 6th.

About Quest Resource

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.