Brokers Issue Forecasts for Quest Resource FY2025 Earnings

Quest Resource Holding Corporation. (NASDAQ:QRHC) – Investment analysts at Roth Capital lowered their FY2025 earnings estimates for shares of Quest Resource in a research note issued on Tuesday, November 11th. Roth Capital analyst G. Sweeney now anticipates that the business services provider will post earnings of ($0.18) per share for the year, down from their prior estimate of ($0.13). The consensus estimate for Quest Resource’s current full-year earnings is $0.09 per share. Roth Capital also issued estimates for Quest Resource’s FY2026 earnings at $0.31 EPS.

A number of other equities research analysts have also weighed in on QRHC. Weiss Ratings restated a “sell (e+)” rating on shares of Quest Resource in a report on Wednesday, October 8th. Wall Street Zen downgraded Quest Resource from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Northland Capmk lowered Quest Resource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Zacks Research upgraded Quest Resource from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Northland Securities cut Quest Resource from an “outperform” rating to a “market perform” rating and set a $2.25 price target on the stock. in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Quest Resource presently has an average rating of “Reduce” and a consensus price target of $2.25.

Quest Resource Stock Performance

Shares of NASDAQ QRHC opened at $1.53 on Thursday. The stock has a market cap of $31.93 million, a price-to-earnings ratio of -1.38 and a beta of 0.24. The stock’s 50-day moving average is $1.50 and its 200 day moving average is $1.89. The company has a current ratio of 1.32, a quick ratio of 1.42 and a debt-to-equity ratio of 1.56. Quest Resource has a 1-year low of $1.11 and a 1-year high of $7.40.

Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings results on Monday, November 10th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $63.34 million for the quarter, compared to the consensus estimate of $59.83 million. Quest Resource had a negative return on equity of 12.96% and a negative net margin of 8.89%.

Institutional Investors Weigh In On Quest Resource

A number of large investors have recently modified their holdings of QRHC. XTX Topco Ltd bought a new position in Quest Resource in the first quarter worth about $27,000. Bank of America Corp DE grew its holdings in shares of Quest Resource by 36.5% during the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after acquiring an additional 4,104 shares during the period. Cresset Asset Management LLC bought a new position in shares of Quest Resource in the 1st quarter worth approximately $43,000. Nuveen LLC purchased a new position in shares of Quest Resource in the 1st quarter valued at approximately $60,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Quest Resource in the 2nd quarter valued at approximately $50,000. Institutional investors own 48.16% of the company’s stock.

Insider Transactions at Quest Resource

In other Quest Resource news, major shareholder Barry M. Kitt purchased 103,412 shares of the stock in a transaction on Thursday, October 23rd. The stock was acquired at an average price of $1.26 per share, with a total value of $130,299.12. Following the transaction, the insider directly owned 2,595,901 shares of the company’s stock, valued at approximately $3,270,835.26. This trade represents a 4.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Friedberg purchased 17,232 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was acquired at an average cost of $1.60 per share, with a total value of $27,571.20. Following the purchase, the director directly owned 2,842,353 shares of the company’s stock, valued at $4,547,764.80. This trade represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 220,991 shares of company stock worth $295,178. 22.91% of the stock is owned by company insiders.

About Quest Resource

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.