Quest Resource Q1 EPS Estimate Decreased by Northland Capmk

Quest Resource Holding Co. (NASDAQ:QRHC - Free Report) - Equities researchers at Northland Capmk reduced their Q1 2025 earnings per share (EPS) estimates for Quest Resource in a note issued to investors on Thursday, March 13th. Northland Capmk analyst O. Rickert now anticipates that the business services provider will earn ($0.05) per share for the quarter, down from their previous estimate of $0.09. 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 FY2025 earnings at $0.24 EPS.

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

A number of other brokerages also recently commented on QRHC. Northland Securities set a $6.50 price target on Quest Resource in a research report on Thursday, March 13th. StockNews.com downgraded Quest Resource from a "hold" rating to a "sell" rating in a research report on Thursday, March 13th.

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Quest Resource Stock Performance

Shares of QRHC traded down $0.11 on Monday, reaching $2.95. 122,669 shares of the company's stock traded hands, compared to its average volume of 68,235. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. The stock has a market cap of $60.68 million, a PE ratio of -7.97, a PEG ratio of 0.76 and a beta of 0.66. The stock's 50 day simple moving average is $4.93 and its two-hundred day simple moving average is $6.64. Quest Resource has a 52-week low of $2.61 and a 52-week high of $10.85.

Insider Transactions at Quest Resource

In other Quest Resource news, CEO Perry W. Moss acquired 16,338 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $3.01 per share, with a total value of $49,177.38. Following the completion of the purchase, the chief executive officer now owns 257,933 shares of the company's stock, valued at approximately $776,378.33. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 23,338 shares of company stock valued at $75,127 over the last three months. Company insiders own 22.84% of the company's stock.

Institutional Investors Weigh In On Quest Resource

Several hedge funds have recently added to or reduced their stakes in the company. Needham Investment Management LLC lifted its stake in Quest Resource by 16.0% during the fourth quarter. Needham Investment Management LLC now owns 406,023 shares of the business services provider's stock worth $2,639,000 after purchasing an additional 56,023 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Quest Resource by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 356,781 shares of the business services provider's stock worth $2,319,000 after buying an additional 4,111 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Quest Resource by 25.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 265,354 shares of the business services provider's stock worth $1,724,000 after buying an additional 54,282 shares during the period. Truist Financial Corp purchased a new position in shares of Quest Resource in the fourth quarter worth about $1,605,000. Finally, State Street Corp increased its holdings in shares of Quest Resource by 2.5% in the third quarter. State Street Corp now owns 175,345 shares of the business services provider's stock worth $1,399,000 after buying an additional 4,235 shares during the period. Institutional investors 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.