Quest Resource (QRHC) Projected to Post Quarterly Earnings on Monday

Quest Resource (NASDAQ:QRHC) is anticipated to announce its Q1 2025 earnings results after the market closes on Monday, May 12th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $72.04 million for the quarter.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $69.97 million during the quarter, compared to analyst estimates of $73.63 million. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. 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 1.2 %

Shares of QRHC opened at $2.45 on Friday. Quest Resource has a 12 month low of $1.91 and a 12 month high of $10.51. The stock’s 50-day moving average is $2.75 and its two-hundred day moving average is $5.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $50.48 million, a PE ratio of -6.62, a P/E/G ratio of 0.76 and a beta of 0.55.

Wall Street Analyst Weigh In

QRHC has been the subject of several recent research reports. StockNews.com downgraded shares of Quest Resource from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Northland Securities set a $6.50 price target on shares of Quest Resource in a report on Thursday, March 13th.

Insider Activity at Quest Resource

In related news, CEO Perry W. Moss acquired 16,338 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $3.01 per share, with a total value of $49,177.38. Following the acquisition, the chief executive officer now directly owns 257,933 shares in the company, valued at approximately $776,378.33. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 23,912 shares of company stock valued at $71,046. Insiders own 22.84% of the company’s stock.

Hedge Funds Weigh In On Quest Resource

A hedge fund recently raised its stake in Quest Resource stock. Bank of America Corp DE grew its position in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,356 shares of the business services provider’s stock after buying an additional 4,104 shares during the period. Bank of America Corp DE owned about 0.07% of Quest Resource worth $100,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 48.16% of the company’s stock.

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.