Brokerages Expect Sharps Compliance Corp. (SMED) Will Announce Earnings of $0.03 Per Share

Equities research analysts predict that Sharps Compliance Corp. (NASDAQ:SMED) will announce earnings of $0.03 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sharps Compliance’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.06. Sharps Compliance reported earnings per share of $0.04 during the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, August 14th.

According to Zacks, analysts expect that Sharps Compliance will report full-year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from ($0.02) to $0.08. For the next year, analysts expect that the business will post earnings of $0.11 per share, with EPS estimates ranging from $0.07 to $0.19. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Sharps Compliance.

SMED has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Sharps Compliance from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of Sharps Compliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. TheStreet downgraded shares of Sharps Compliance from a “c-” rating to a “d+” rating in a research report on Wednesday, June 27th. Finally, Stifel Nicolaus downgraded shares of Sharps Compliance from a “buy” rating to a “hold” rating and cut their price objective for the company from $6.00 to $4.00 in a research report on Monday, April 30th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Sharps Compliance currently has a consensus rating of “Hold” and a consensus target price of $5.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. purchased a new stake in Sharps Compliance during the 2nd quarter valued at approximately $873,000. Municipal Employees Retirement System of Michigan purchased a new stake in Sharps Compliance during the 1st quarter valued at approximately $376,000. Marathon Capital Management purchased a new stake in Sharps Compliance during the 1st quarter valued at approximately $249,000. Thompson Davis & CO. Inc. grew its holdings in Sharps Compliance by 557.2% during the 1st quarter. Thompson Davis & CO. Inc. now owns 48,894 shares of the industrial products company’s stock valued at $222,000 after buying an additional 41,454 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Sharps Compliance by 59.6% during the 1st quarter. Wells Fargo & Company MN now owns 227,500 shares of the industrial products company’s stock valued at $1,033,000 after buying an additional 85,000 shares in the last quarter. Institutional investors own 23.27% of the company’s stock.

SMED stock traded down $0.04 during mid-day trading on Friday, hitting $3.40. The company had a trading volume of 5,526 shares, compared to its average volume of 83,878. The firm has a market cap of $55.32 million, a price-to-earnings ratio of -85.00, a P/E/G ratio of 1.62 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.02 and a current ratio of 2.70. Sharps Compliance has a 12 month low of $3.40 and a 12 month high of $5.73.

Sharps Compliance Company Profile

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States. It offers Sharps Recovery System for the containment, transportation, treatment, and tracking of medical waste and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web-based compliance and training program.

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