Wall Street brokerages predict that Sharps Compliance Corp. (NASDAQ:SMED) will post sales of $10.86 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Sharps Compliance’s earnings, with estimates ranging from $10.60 million to $11.08 million. Sharps Compliance reported sales of $9.91 million during the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The company is expected to issue its next earnings report on Tuesday, August 13th.

On average, analysts expect that Sharps Compliance will report full-year sales of $43.61 million for the current financial year, with estimates ranging from $43.50 million to $43.70 million. For the next financial year, analysts forecast that the firm will post sales of $46.66 million, with estimates ranging from $44.90 million to $49.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Sharps Compliance.

Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.06). Sharps Compliance had a negative net margin of 1.00% and a negative return on equity of 1.64%. The company had revenue of $9.45 million for the quarter, compared to the consensus estimate of $10.09 million. During the same period in the prior year, the firm posted ($0.05) EPS.

Separately, Zacks Investment Research upgraded shares of Sharps Compliance from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Saturday, April 6th.

SMED stock traded down $0.01 during trading on Friday, hitting $3.50. 6,323 shares of the company’s stock traded hands, compared to its average volume of 9,543. The firm has a market cap of $56.49 million, a price-to-earnings ratio of -87.50, a PEG ratio of 3.30 and a beta of 0.11. The company has a quick ratio of 1.95, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. Sharps Compliance has a 1 year low of $2.97 and a 1 year high of $4.22.

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in shares of Sharps Compliance by 2.1% in the 1st quarter. Renaissance Technologies LLC now owns 459,143 shares of the industrial products company’s stock worth $1,680,000 after buying an additional 9,243 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Sharps Compliance by 10.8% during the first quarter. Wells Fargo & Company MN now owns 392,214 shares of the industrial products company’s stock valued at $1,436,000 after acquiring an additional 38,214 shares during the period. Finally, Quantum Capital Management raised its holdings in Sharps Compliance by 0.6% during the first quarter. Quantum Capital Management now owns 522,569 shares of the industrial products company’s stock valued at $1,913,000 after acquiring an additional 3,223 shares during the period. 20.42% of the stock is currently owned by institutional investors.

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

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