Sharps Compliance Corp (SMED) Expected to Post Earnings of $0.02 Per Share

Brokerages expect that Sharps Compliance Corp (NASDAQ:SMED) will post earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sharps Compliance Corp’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.01. Sharps Compliance Corp reported earnings of ($0.01) per share during the same quarter last year, which indicates a positive year over year growth rate of 300%. The company is scheduled to issue its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Sharps Compliance Corp will report full-year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.03 to $0.10. For the next year, analysts expect that the firm will report earnings of $0.15 per share, with EPS estimates ranging from $0.13 to $0.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Sharps Compliance Corp.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $7.00 price objective on shares of Sharps Compliance Corp in a research report on Friday, August 11th. Zacks Investment Research cut shares of Sharps Compliance Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 16th. First Analysis upgraded shares of Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective for the company in a research report on Monday, August 14th. Finally, ValuEngine upgraded shares of Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th.

Shares of Sharps Compliance Corp (NASDAQ SMED) traded up $0.01 during midday trading on Monday, hitting $4.18. 1,400 shares of the stock were exchanged, compared to its average volume of 18,237. The company has a quick ratio of 2.00, a current ratio of 2.66 and a debt-to-equity ratio of 0.07. Sharps Compliance Corp has a 1-year low of $3.51 and a 1-year high of $5.73.

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Institutional investors have recently added to or reduced their stakes in the stock. Quantum Capital Management acquired a new stake in Sharps Compliance Corp during the third quarter worth about $507,000. Lapides Asset Management LLC increased its position in shares of Sharps Compliance Corp by 2.3% during the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock valued at $730,000 after acquiring an additional 3,800 shares during the last quarter. Cadence Capital Management LLC increased its position in shares of Sharps Compliance Corp by 5.3% during the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 8,860 shares during the last quarter. Finally, Goodman Financial Corp increased its position in shares of Sharps Compliance Corp by 1.4% during the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock valued at $3,979,000 after acquiring an additional 12,746 shares during the last quarter. Hedge funds and other institutional investors own 25.53% of the company’s stock.

Sharps Compliance Corp Company Profile

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions.

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Earnings History and Estimates for Sharps Compliance Corp (NASDAQ:SMED)

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