Wall Street analysts expect Quest Resource Holding Corp (NASDAQ:QRHC) to announce $28.16 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quest Resource’s earnings, with estimates ranging from $28.00 million to $28.33 million. Quest Resource reported sales of $27.93 million during the same quarter last year, which indicates a positive year over year growth rate of 0.8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 13th.

On average, analysts expect that Quest Resource will report full-year sales of $116.46 million for the current fiscal year, with estimates ranging from $115.20 million to $117.72 million. For the next financial year, analysts forecast that the business will report sales of $136.83 million, with estimates ranging from $132.00 million to $141.66 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Quest Resource.

Quest Resource (NASDAQ:QRHC) last issued its earnings results on Wednesday, May 15th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The business had revenue of $26.65 million for the quarter, compared to analyst estimates of $26.49 million. Quest Resource had a negative net margin of 1.22% and a negative return on equity of 1.13%.

Several brokerages recently issued reports on QRHC. Roth Capital reissued a “buy” rating on shares of Quest Resource in a research note on Monday, April 15th. HC Wainwright lowered their price objective on shares of ImmunoGen from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, May 16th.

NASDAQ QRHC traded down $0.09 on Wednesday, hitting $2.40. 17,100 shares of the company were exchanged, compared to its average volume of 19,554. The stock has a market capitalization of $38.22 million, a P/E ratio of -20.00, a PEG ratio of 16.60 and a beta of 1.52. Quest Resource has a 12 month low of $1.26 and a 12 month high of $3.10. The stock’s fifty day moving average is $2.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.23 and a current ratio of 1.23.

A hedge fund recently raised its stake in Quest Resource stock. Deutsche Bank AG grew its holdings in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 124.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,185 shares of the business services provider’s stock after purchasing an additional 11,185 shares during the quarter. Deutsche Bank AG owned about 0.13% of Quest Resource worth $27,000 at the end of the most recent reporting period. Institutional investors own 14.00% of the company’s stock.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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