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

Quest Resource (NASDAQ:QRHC - Get Free Report) is projected 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 - Get Free Report) last posted its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The business had revenue of $69.97 million during the quarter, compared to the consensus estimate of $73.63 million. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. 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 Stock Performance

Shares of Quest Resource stock traded up $0.03 during trading on Friday, hitting $2.45. 101,203 shares of the company's stock traded hands, compared to its average volume of 72,627. Quest Resource has a 1 year low of $1.91 and a 1 year high of $10.51. The business has a 50-day simple moving average of $2.75 and a 200-day simple moving average of $5.07. The stock has a market capitalization of $50.48 million, a P/E ratio of -6.62, a PEG ratio of 0.76 and a beta of 0.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on QRHC shares. StockNews.com lowered shares of Quest Resource from a "hold" rating to a "sell" rating in a research note on Thursday, March 13th. Northland Securities set a $6.50 target price on shares of Quest Resource in a research report on Thursday, March 13th.

Insider Transactions at Quest Resource

In related news, CEO Perry W. Moss bought 16,338 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were 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 owns 257,933 shares in the company, valued at $776,378.33. This trade represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 23,912 shares of company stock worth $71,046 in the last quarter. Company insiders own 22.84% of the company's stock.

Institutional Trading of Quest Resource

An institutional investor recently raised its position in Quest Resource stock. Bank of America Corp DE grew its position in Quest Resource Holding Co. (NASDAQ:QRHC - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,356 shares of the business services provider's stock after purchasing an additional 4,104 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Quest Resource worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 48.16% of the stock is owned by hedge funds and other institutional investors.

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.