$10.18 Million in Sales Expected for Sharps Compliance Corp (SMED) This Quarter
Brokerages expect Sharps Compliance Corp (NASDAQ:SMED) to report $10.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sharps Compliance Corp’s earnings, with the lowest sales estimate coming in at $9.74 million and the highest estimate coming in at $10.57 million. Sharps Compliance Corp posted sales of $9.53 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, October 25th.
On average, analysts expect that Sharps Compliance Corp will report full year sales of $10.18 million for the current year, with estimates ranging from $40.89 million to $41.40 million. For the next year, analysts expect that the company will post sales of $43.59 million per share, with estimates ranging from $41.35 million to $44.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Sharps Compliance Corp.
Sharps Compliance Corp (NASDAQ:SMED) last issued its earnings results on Thursday, August 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Sharps Compliance Corp had a negative return on equity of 2.36% and a negative net margin of 3.39%. The firm had revenue of $10.36 million for the quarter, compared to analyst estimates of $10.51 million. During the same period in the previous year, the company earned $0.01 earnings per share. Sharps Compliance Corp’s revenue for the quarter was up 16.8% compared to the same quarter last year.
Several equities research analysts recently weighed in on SMED shares. Stifel Nicolaus restated a “buy” rating and set a $7.00 price target on shares of Sharps Compliance Corp in a research report on Friday, August 11th. ValuEngine upgraded Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, First Analysis upgraded Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 price target on the stock in a research report on Monday, August 14th.
A number of institutional investors have recently added to or reduced their stakes in the business. Lapides Asset Management LLC boosted its holdings in Sharps Compliance Corp by 2.3% in the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock worth $730,000 after acquiring an additional 3,800 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in Sharps Compliance Corp by 5.3% in the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 8,860 shares in the last quarter. Goodman Financial Corp boosted its holdings in Sharps Compliance Corp by 1.4% in the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock worth $3,979,000 after acquiring an additional 12,746 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in Sharps Compliance Corp by 98.5% in the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock worth $818,000 after acquiring an additional 95,922 shares in the last quarter. 24.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sharps Compliance Corp (NASDAQ SMED) traded down 3.62% during trading on Friday, hitting $4.26. The stock had a trading volume of 13,808 shares. The firm has a 50 day moving average price of $4.84 and a 200-day moving average price of $4.55. Sharps Compliance Corp has a 52 week low of $3.32 and a 52 week high of $5.73. The stock’s market capitalization is $68.19 million.
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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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