Brokerages predict that Sharps Compliance Corp. (NASDAQ:SMED) will announce ($0.01) earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Sharps Compliance’s earnings, with estimates ranging from ($0.02) to ($0.01). Sharps Compliance reported earnings of ($0.05) per share during the same quarter last year, which would indicate a positive year over year growth rate of 80%. The company is expected to issue its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that Sharps Compliance will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.07. For the next year, analysts expect that the firm will post earnings of $0.18 per share, with EPS estimates ranging from $0.08 to $0.35. Zacks’ EPS calculations are an average based on a survey of analysts that cover Sharps Compliance.

Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings results on Wednesday, January 23rd. The industrial products company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $12.39 million during the quarter, compared to analysts’ expectations of $11.40 million. Sharps Compliance had a negative return on equity of 0.21% and a negative net margin of 0.13%. During the same period last year, the firm earned $0.01 EPS.

Separately, Zacks Investment Research cut Sharps Compliance from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $4.33.

A hedge fund recently raised its stake in Sharps Compliance stock. Wells Fargo & Company MN raised its stake in Sharps Compliance Corp. (NASDAQ:SMED) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,500 shares of the industrial products company’s stock after acquiring an additional 44,400 shares during the quarter. Wells Fargo & Company MN owned approximately 2.00% of Sharps Compliance worth $1,109,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 20.55% of the company’s stock.

SMED stock traded up $0.02 during midday trading on Tuesday, hitting $3.61. 1,436 shares of the stock were exchanged, compared to its average volume of 8,302. Sharps Compliance has a fifty-two week low of $2.97 and a fifty-two week high of $4.77. The company has a quick ratio of 2.02, a current ratio of 2.63 and a debt-to-equity ratio of 0.05.

About Sharps Compliance

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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