Sharps Compliance Corp (SMED) Expected to Post Earnings of $0.01 Per Share
Wall Street brokerages expect that Sharps Compliance Corp (NASDAQ:SMED) will announce earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Sharps Compliance Corp’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Sharps Compliance Corp reported earnings of ($0.01) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The firm is scheduled to announce its next earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Sharps Compliance Corp will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.10. For the next year, analysts expect that the company will report earnings of $0.15 per share, with EPS estimates ranging from $0.12 to $0.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Sharps Compliance Corp.
Several analysts have recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $7.00 target price on shares of Sharps Compliance Corp in a report on Friday, August 11th. Zacks Investment Research lowered Sharps Compliance Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. First Analysis raised Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective on the stock in a research note on Monday, August 14th. Finally, ValuEngine raised Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.
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Large investors have recently added to or reduced their stakes in the stock. Quantum Capital Management acquired a new stake in Sharps Compliance Corp in the third quarter valued at about $507,000. Lapides Asset Management LLC boosted its stake 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 valued at $730,000 after buying an additional 3,800 shares in the last quarter. Cadence Capital Management LLC boosted its stake 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 valued at $751,000 after buying an additional 8,860 shares in the last quarter. Finally, Goodman Financial Corp boosted its stake 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 valued at $3,979,000 after buying an additional 12,746 shares in the last quarter. 25.53% of the stock is currently owned by institutional investors and hedge funds.
Sharps Compliance Corp (NASDAQ:SMED) traded up $0.09 on Monday, hitting $4.23. The stock had a trading volume of 4,300 shares, compared to its average volume of 18,048. Sharps Compliance Corp has a 12 month low of $3.51 and a 12 month high of $5.73. The company has a current ratio of 2.66, a quick ratio of 2.00 and a debt-to-equity ratio of 0.07.
About Sharps Compliance Corp
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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