Quest Resource (NASDAQ:QRHC) Announces Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Quest Resource (NASDAQ:QRHC) released its earnings results on Thursday. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09), FiscalAI reports. The business had revenue of $58.91 million during the quarter, compared to the consensus estimate of $61.21 million. Quest Resource had a negative net margin of 8.89% and a negative return on equity of 12.96%.

Quest Resource Trading Down 8.2%

Shares of NASDAQ QRHC traded down $0.13 during trading on Thursday, reaching $1.45. The company had a trading volume of 41,284 shares, compared to its average volume of 29,416. The stock has a market cap of $30.26 million, a P/E ratio of -1.31 and a beta of 0.17. The company’s fifty day moving average price is $1.93 and its 200-day moving average price is $1.78. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.56. Quest Resource has a 12 month low of $1.11 and a 12 month high of $3.25.

Institutional Trading of Quest Resource

Several institutional investors have recently added to or reduced their stakes in the stock. Veradace Capital Management LLC acquired a new stake in Quest Resource during the 4th quarter valued at approximately $2,336,000. Mink Brook Asset Management LLC bought a new stake in shares of Quest Resource in the 2nd quarter valued at $405,000. Rothschild Wealth LLC acquired a new stake in shares of Quest Resource during the fourth quarter worth $274,000. Jane Street Group LLC acquired a new stake in shares of Quest Resource during the second quarter worth $125,000. Finally, Qube Research & Technologies Ltd bought a new position in Quest Resource during the second quarter worth $50,000. 48.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Quest Resource to a “hold” rating in a report on Saturday, January 10th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Quest Resource presently has a consensus rating of “Reduce” and a consensus target price of $2.25.

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.