Zacks: Brokerages Anticipate Sharps Compliance Corp. (SMED) Will Post Quarterly Sales of $9.56 Million
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.
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 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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