Sharps Compliance Corp (SMED) Expected to Post Earnings of $0.02 Per Share

Analysts forecast that Sharps Compliance Corp (NASDAQ:SMED) will announce earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sharps Compliance Corp’s earnings, with estimates ranging from $0.01 to $0.04. Sharps Compliance Corp reported earnings of ($0.02) per share in the same quarter last year, which indicates a positive year over year growth rate of 200%. The business is expected to issue its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Sharps Compliance Corp will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.11. For the next financial year, analysts anticipate that the firm will post earnings of $0.16 per share, with EPS estimates ranging from $0.13 to $0.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Sharps Compliance Corp.

Sharps Compliance Corp (NASDAQ:SMED) last released its earnings results on Thursday, August 10th. The industrial products company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Sharps Compliance Corp had a negative return on equity of 2.36% and a negative net margin of 3.39%. The firm had revenue of $10.36 million during the quarter, compared to analyst estimates of $10.51 million. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue was up 16.8% on a year-over-year basis.

Several equities analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $7.00 price target on shares of Sharps Compliance Corp in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Sharps Compliance Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 16th. First Analysis upgraded shares of Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 price target for the company in a research report on Monday, August 14th. Finally, ValuEngine upgraded shares of Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th.

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A number of institutional investors and hedge funds have recently made changes to their positions in SMED. North Star Investment Management Corp. grew its position in Sharps Compliance Corp by 98.5% in the 2nd quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock valued at $818,000 after buying an additional 95,922 shares in the last quarter. Goodman Financial Corp grew its position in Sharps Compliance Corp by 5.0% in the 1st quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock valued at $4,417,000 after buying an additional 44,506 shares in the last quarter. Lapides Asset Management LLC grew its position in Sharps Compliance Corp by 18.5% in the 1st quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock valued at $803,000 after buying an additional 26,400 shares in the last quarter. Finally, Cadence Capital Management LLC grew its position in Sharps Compliance Corp by 5.3% in the 2nd 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. Hedge funds and other institutional investors own 24.99% of the company’s stock.

Shares of Sharps Compliance Corp (SMED) opened at 4.75 on Monday. The firm’s market cap is $76.04 million. The stock has a 50 day moving average of $4.92 and a 200 day moving average of $4.52. Sharps Compliance Corp has a 1-year low of $3.32 and a 1-year high of $5.73.

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

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