Wall Street brokerages expect Sharps Compliance Corp. (NASDAQ:SMED) to announce sales of $9.56 million for the current quarter, according to Zacks. Four analysts have made estimates for Sharps Compliance’s earnings. The highest sales estimate is $9.72 million and the lowest is $9.24 million. Sharps Compliance posted sales of $8.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is expected to issue its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Sharps Compliance will report full year sales of $9.56 million for the current financial year, with estimates ranging from $40.23 million to $42.10 million. For the next year, analysts expect that the business will report sales of $44.06 million per share, with estimates ranging from $43.25 million to $44.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Sharps Compliance.

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Sharps Compliance (NASDAQ:SMED) last posted its earnings results on Tuesday, January 23rd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $11.12 million for the quarter, compared to analysts’ expectations of $10.14 million. Sharps Compliance had a net margin of 0.33% and a return on equity of 0.54%. During the same period in the previous year, the firm earned ($0.01) EPS.

Several research analysts have recently commented on the company. ValuEngine lowered Sharps Compliance from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research raised Sharps Compliance from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th.

Several hedge funds and other institutional investors have recently modified their holdings of SMED. Deutsche Bank AG grew its holdings in shares of Sharps Compliance by 1,194.7% during the fourth quarter. Deutsche Bank AG now owns 28,484 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 26,284 shares in the last quarter. Wells Fargo & Company MN purchased a new position in shares of Sharps Compliance during the fourth quarter worth about $583,000. Cadence Capital Management LLC grew its holdings in shares of Sharps Compliance by 9.1% during the fourth quarter. Cadence Capital Management LLC now owns 219,944 shares of the industrial products company’s stock worth $900,000 after purchasing an additional 18,422 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Sharps Compliance by 8.3% during the fourth quarter. Renaissance Technologies LLC now owns 432,300 shares of the industrial products company’s stock worth $1,768,000 after purchasing an additional 33,300 shares in the last quarter. 24.06% of the stock is owned by institutional investors.

Sharps Compliance stock opened at $4.60 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.87 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $73.01, a PE ratio of 460.46, a price-to-earnings-growth ratio of 3.46 and a beta of 0.56. Sharps Compliance has a twelve month low of $3.74 and a twelve month 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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