Quest Resource (QRHC) to Release Earnings on Thursday

Quest Resource (NASDAQ:QRHC) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Quest Resource to post earnings of ($0.01) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $72.65 million for the quarter, compared to analyst estimates of $72.30 million. Quest Resource had a negative net margin of 2.06% and a positive return on equity of 6.70%. On average, analysts expect Quest Resource to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Quest Resource Stock Performance

NASDAQ QRHC opened at $8.33 on Wednesday. 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 1.03, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $168.68 million, a P/E ratio of -29.75, a PEG ratio of 1.30 and a beta of 0.64. The stock has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $8.37.

Insider Transactions at Quest Resource

In related news, COO David P. Sweitzer sold 16,047 shares of Quest Resource stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $8.52, for a total value of $136,720.44. Following the completion of the transaction, the chief operating officer now owns 8,511 shares in the company, valued at approximately $72,513.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO David P. Sweitzer sold 16,047 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $8.52, for a total value of $136,720.44. Following the completion of the sale, the chief operating officer now owns 8,511 shares of the company’s stock, valued at approximately $72,513.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David P. Sweitzer sold 11,185 shares of Quest Resource stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $9.05, for a total value of $101,224.25. Following the completion of the sale, the chief operating officer now owns 16,226 shares in the company, valued at $146,845.30. The disclosure for this sale can be found here. Insiders have sold a total of 47,073 shares of company stock valued at $404,609 in the last ninety days. 22.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Craig Hallum upped their price objective on Quest Resource from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

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.