Analysts Expect Quest Resource Holding Corp (QRHC) Will Post Quarterly Sales of $31.90 Million

Brokerages predict that Quest Resource Holding Corp (NASDAQ:QRHC) will report sales of $31.90 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Quest Resource’s earnings. The highest sales estimate is $32.80 million and the lowest is $31.00 million. Quest Resource posted sales of $45.04 million in the same quarter last year, which suggests a negative year-over-year growth rate of 29.2%. The company is scheduled to report its next earnings results on Friday, March 30th.

On average, analysts expect that Quest Resource will report full-year sales of $31.90 million for the current fiscal year, with estimates ranging from $146.80 million to $148.64 million. For the next financial year, analysts anticipate that the business will report sales of $161.91 million per share, with estimates ranging from $161.80 million to $162.01 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Quest Resource.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Tuesday, November 14th. The business services provider reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $31.93 million during the quarter, compared to analysts’ expectations of $33.77 million. Quest Resource had a negative return on equity of 8.57% and a negative net margin of 3.47%.

Several brokerages recently weighed in on QRHC. ValuEngine cut Quest Resource from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. HC Wainwright set a $5.00 price target on Quest Resource and gave the company a “buy” rating in a research report on Wednesday, November 15th.

Quest Resource (NASDAQ:QRHC) opened at $2.54 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $36.06, a P/E ratio of -6.86, a P/E/G ratio of 8.13 and a beta of 2.24. Quest Resource has a 12-month low of $1.03 and a 12-month high of $3.00.

In other news, Director Mitchell A. Saltz sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $1.93, for a total value of $289,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Saltz sold 26,852 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $1.96, for a total value of $52,629.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,720 shares of company stock valued at $675,896. 50.15% of the stock is owned by company insiders.

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About Quest Resource

Quest Resource Holding Corporation (QRHC) provides businesses with one-stop management programs to reuse, recycle and dispose of a range of waste streams and recyclables generated by their businesses and operate social media and online data platforms that contain information and instructions to recycle or properly dispose of household products and materials.

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