Zacks: Brokerages Expect Quest Resource Holding Corp (QRHC) Will Announce Quarterly Sales of $31.90 Million

Brokerages forecast that Quest Resource Holding Corp (NASDAQ:QRHC) will report $31.90 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Quest Resource’s earnings. The lowest sales estimate is $31.00 million and the highest is $32.80 million. Quest Resource posted sales of $45.04 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 29.2%. The business is expected to issue its next earnings results on Friday, March 30th.

According to Zacks, 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 company 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 that provide coverage for Quest Resource.

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

A number of equities research analysts have weighed in on QRHC shares. HC Wainwright set a $5.00 target price on Quest Resource and gave the stock a “buy” rating in a report on Wednesday, November 15th. ValuEngine upgraded Quest Resource from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th.

Shares of Quest Resource (NASDAQ QRHC) opened at $2.35 on Friday. The firm has a market capitalization of $35.91, a P/E ratio of -6.35, a price-to-earnings-growth ratio of 7.83 and a beta of 3.05. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Quest Resource has a 1-year low of $1.03 and a 1-year high of $3.00.

In other Quest Resource news, Director Mitchell A. Saltz sold 150,000 shares of Quest Resource 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell A. Saltz sold 26,852 shares of Quest Resource stock in a transaction that occurred on Wednesday, December 6th. The stock was 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 sold 341,720 shares of company stock valued at $675,896. 50.15% of the stock is currently owned by corporate 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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