Analysts Anticipate Sharps Compliance Corp (SMED) Will Announce Earnings of $0.02 Per Share

Equities research analysts predict that Sharps Compliance Corp (NASDAQ:SMED) will report $0.02 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Sharps Compliance Corp’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. Sharps Compliance Corp posted earnings of ($0.02) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The company is expected to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that Sharps Compliance Corp will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.05 to $0.11. For the next financial year, analysts forecast that the company will report 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 research firms that that provide coverage for Sharps Compliance Corp.

Sharps Compliance Corp (NASDAQ:SMED) last posted its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $10.36 million for the quarter, compared to the consensus estimate of $10.51 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year.

SMED has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating and set a $7.00 target price on shares of Sharps Compliance Corp in a research note on Friday, August 11th. ValuEngine upgraded shares of Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, First Analysis upgraded shares of Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 target price for the company in a research note on Monday, August 14th.

Sharps Compliance Corp (NASDAQ SMED) remained flat at $4.95 on Monday. The stock had a trading volume of 50,754 shares. The stock’s market cap is $79.24 million. Sharps Compliance Corp has a 52 week low of $3.32 and a 52 week high of $5.73. The company’s 50 day moving average is $4.88 and its 200 day moving average is $4.52.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lapides Asset Management LLC raised its stake in Sharps Compliance Corp by 2.3% in the 2nd quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 3,800 shares in the last quarter. Cadence Capital Management LLC raised its stake 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 worth $751,000 after purchasing an additional 8,860 shares in the last quarter. North Star Investment Management Corp. raised its stake 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 worth $818,000 after purchasing an additional 95,922 shares in the last quarter. Finally, Goodman Financial Corp raised its stake in Sharps Compliance Corp by 1.4% in the 2nd quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock worth $3,979,000 after purchasing an additional 12,746 shares in the last quarter. Institutional investors own 24.99% of the company’s stock.

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Sharps Compliance Corp 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 Corp (NASDAQ:SMED)

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