Quest Resource FY2025 EPS Estimate Raised by Northland Capmk

Quest Resource Holding Corporation. (NASDAQ:QRHC) – Equities researchers at Northland Capmk raised their FY2025 earnings estimates for shares of Quest Resource in a research note issued to investors on Tuesday, November 11th. Northland Capmk analyst O. Rickert now anticipates that the business services provider will post earnings per share of ($0.39) for the year, up from their prior estimate of ($0.40). Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Quest Resource’s current full-year earnings is $0.09 per share. Northland Capmk also issued estimates for Quest Resource’s FY2026 earnings at $0.06 EPS.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings data on Monday, November 10th. The business services provider reported ($0.02) 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%.

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

Quest Resource Price Performance

NASDAQ QRHC opened at $1.53 on Thursday. The firm’s fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $1.89. The firm has a market capitalization of $31.93 million, a P/E ratio of -1.38 and a beta of 0.24. 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 12-month low of $1.11 and a 12-month high of $7.40.

Insider Transactions at Quest Resource

In other news, Director Daniel M. Friedberg acquired 17,232 shares of Quest Resource stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of $1.60 per share, for a total transaction of $27,571.20. Following the completion of the purchase, the director directly owned 2,842,353 shares in the company, valued at $4,547,764.80. This trade represents a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Barry M. Kitt bought 62,867 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of $1.36 per share, with a total value of $85,499.12. Following the acquisition, the insider directly owned 2,692,248 shares of the company’s stock, valued at approximately $3,661,457.28. This trade represents a 2.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 220,991 shares of company stock valued at $295,178. 22.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quest Resource

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kennedy Capital Management LLC lifted its stake in Quest Resource by 52.5% during the 2nd quarter. Kennedy Capital Management LLC now owns 311,289 shares of the business services provider’s stock valued at $629,000 after acquiring an additional 107,107 shares during the period. Truist Financial Corp raised its holdings in shares of Quest Resource by 11.8% during the third quarter. Truist Financial Corp now owns 276,222 shares of the business services provider’s stock worth $431,000 after purchasing an additional 29,253 shares during the last quarter. Mink Brook Asset Management LLC acquired a new position in Quest Resource during the second quarter valued at $405,000. Y Intercept Hong Kong Ltd purchased a new stake in Quest Resource in the second quarter valued at $156,000. Finally, Jane Street Group LLC acquired a new stake in Quest Resource during the 2nd quarter worth about $125,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.