Wall Street analysts forecast that Sharps Compliance Corp (NASDAQ:SMED) will report $10.14 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Sharps Compliance’s earnings. The highest sales estimate is $10.30 million and the lowest is $10.02 million. Sharps Compliance posted sales of $9.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The firm is expected to issue its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Sharps Compliance will report full year sales of $10.14 million for the current year, with estimates ranging from $39.84 million to $41.10 million. For the next financial year, analysts forecast that the business will report sales of $43.02 million per share, with estimates ranging from $42.44 million to $43.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Sharps Compliance.

Several research analysts have weighed in on SMED shares. Zacks Investment Research lowered shares of Sharps Compliance from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Stifel Nicolaus decreased their price objective on shares of Sharps Compliance from $7.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, October 26th.

A number of hedge funds have recently made changes to their positions in the business. Goodman Financial Corp grew its holdings in Sharps Compliance by 7.0% during the 3rd quarter. Goodman Financial Corp now owns 1,006,500 shares of the industrial products company’s stock worth $4,811,000 after acquiring an additional 65,799 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Sharps Compliance by 13.6% in the 3rd quarter. Cadence Capital Management LLC now owns 201,522 shares of the industrial products company’s stock valued at $963,000 after buying an additional 24,072 shares during the period. Finally, Quantum Capital Management acquired a new position in shares of Sharps Compliance in the 3rd quarter valued at about $507,000. 25.45% of the stock is owned by institutional investors.

Sharps Compliance (NASDAQ SMED) opened at $4.00 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.66 and a quick ratio of 2.00. Sharps Compliance has a fifty-two week low of $3.74 and a fifty-two week high of $5.73.

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Sharps Compliance 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 (NASDAQ:SMED)

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