Roth Capital Comments on Quest Resource FY2025 Earnings

Quest Resource Holding Corporation. (NASDAQ:QRHC) – Equities research analysts at Roth Capital issued their FY2025 earnings per share estimates for shares of Quest Resource in a research report issued on Tuesday, August 12th. Roth Capital analyst G. Sweeney anticipates that the business services provider will post earnings per share of ($0.13) for the year. The consensus estimate for Quest Resource’s current full-year earnings is $0.09 per share.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Monday, August 11th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The company had revenue of $59.54 million for the quarter, compared to the consensus estimate of $72.56 million. Quest Resource had a negative return on equity of 13.12% and a negative net margin of 9.34%.

Several other equities research analysts have also weighed in on QRHC. Wall Street Zen lowered Quest Resource from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Northland Capmk lowered Quest Resource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Northland Securities lowered Quest Resource from an “outperform” rating to a “market perform” rating and set a $2.25 price objective for the company. in a research note on Tuesday.

Quest Resource Stock Performance

QRHC opened at $1.68 on Thursday. The firm has a market cap of $34.79 million, a PE ratio of -1.39 and a beta of 0.45. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $2.09 and a 200-day simple moving average of $2.86. Quest Resource has a fifty-two week low of $1.41 and a fifty-two week high of $9.20.

Institutional Trading of Quest Resource

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in shares of Quest Resource by 53.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock worth $53,000 after buying an additional 2,830 shares during the period. XTX Topco Ltd acquired a new stake in shares of Quest Resource in the first quarter worth $27,000. Raymond James Financial Inc. acquired a new stake in shares of Quest Resource in the fourth quarter worth $68,000. Greenhaven Road Investment Management L.P. acquired a new stake in shares of Quest Resource in the fourth quarter worth $72,000. Finally, Bank of America Corp DE boosted its position in shares of Quest Resource by 36.5% in the fourth quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after buying an additional 4,104 shares during the period. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.