Quest Resource (QRHC) Set to Announce Earnings on Thursday

Quest Resource (NASDAQ:QRHC) is scheduled to be announcing its 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. Parties interested in participating in the company’s conference call can do so using this link.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $73.15 million during the quarter, compared to analysts’ expectations of $76.50 million. Quest Resource had a negative net margin of 2.29% and a positive return on equity of 5.61%. 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 Down 0.7 %

Shares of NASDAQ:QRHC traded down $0.05 during midday trading on Tuesday, reaching $7.61. 9,705 shares of the company’s stock were exchanged, compared to its average volume of 56,729. The firm’s 50 day simple moving average is $8.37 and its two-hundred day simple moving average is $8.72. Quest Resource has a fifty-two week low of $6.01 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $155.11 million, a price-to-earnings ratio of -24.55, a P/E/G ratio of 1.91 and a beta of 0.66.

Insider Activity at Quest Resource

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

Wall Street Analyst Weigh In

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

Quest Resource Company Profile

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.