Analysts Expect Quest Resource Holding Co. (QRHC) to Announce ($0.06) Earnings Per Share

Quest Resource Holding Co. (NASDAQ:QRHC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $5.50 for the company and are expecting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Quest Resource Holding an industry rank of 250 out of 265 based on the ratings given to its competitors.

Several analysts recently commented on the stock. ValuEngine raised shares of Quest Resource Holding from a “strong sell” rating to a “sell” rating in a report on Wednesday. HC Wainwright set a $5.00 target price on shares of Quest Resource Holding and gave the stock a “buy” rating in a report on Wednesday.

An institutional investor recently raised its position in Quest Resource Holding stock. Renaissance Technologies LLC increased its stake in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 27.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 83,151 shares of the business services provider’s stock after buying an additional 17,700 shares during the period. Renaissance Technologies LLC owned 0.54% of Quest Resource Holding worth $195,000 as of its most recent filing with the SEC. Institutional investors own 12.88% of the company’s stock.

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Shares of Quest Resource Holding (QRHC) traded up $0.12 during mid-day trading on Monday, hitting $2.04. 286,233 shares of the company traded hands, compared to its average volume of 289,526. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.10. Quest Resource Holding has a 1-year low of $1.03 and a 1-year high of $3.00.

Quest Resource Holding (NASDAQ:QRHC) last announced its earnings results on Tuesday, November 14th. The business services provider reported ($0.07) EPS for the quarter, hitting the 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 Holding had a negative net margin of 3.38% and a negative return on equity of 6.77%. research analysts forecast that Quest Resource Holding will post -0.35 EPS for the current year.

Quest Resource Holding Company Profile

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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