Sharps Compliance Corp. (NASDAQ:SMED) Expected to Post Earnings of $0.03 Per Share

Brokerages expect Sharps Compliance Corp. (NASDAQ:SMED – Get Rating) to post $0.03 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Sharps Compliance’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.00. Sharps Compliance reported earnings per share of $0.17 during the same quarter last year, which would suggest a negative year over year growth rate of 82.4%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Sharps Compliance will report full-year earnings of $0.07 per share for the current year, with EPS estimates ranging from $0.02 to $0.12. For the next fiscal year, analysts forecast that the firm will post earnings of $0.14 per share, with EPS estimates ranging from $0.09 to $0.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Sharps Compliance.

Sharps Compliance (NASDAQ:SMED – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). Sharps Compliance had a net margin of 7.88% and a return on equity of 5.48%. During the same period last year, the business earned $0.40 earnings per share.

Several equities analysts have recently weighed in on SMED shares. StockNews.com started coverage on Sharps Compliance in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Roth Capital lowered Sharps Compliance from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $7.00 in a research report on Tuesday, April 5th. Finally, Zacks Investment Research raised Sharps Compliance from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.83.

A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in Sharps Compliance by 228.8% during the 4th quarter. Citigroup Inc. now owns 5,544 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 3,858 shares during the last quarter. Royal Bank of Canada increased its holdings in Sharps Compliance by 552.0% during the 3rd quarter. Royal Bank of Canada now owns 7,804 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 6,607 shares during the last quarter. Jane Street Group LLC purchased a new stake in Sharps Compliance during the 1st quarter worth approximately $59,000. California State Teachers Retirement System increased its holdings in Sharps Compliance by 32.0% during the 4th quarter. California State Teachers Retirement System now owns 10,133 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 2,454 shares during the last quarter. Finally, HighVista Strategies LLC purchased a new stake in Sharps Compliance during the 3rd quarter worth approximately $92,000. 56.06% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SMED opened at $4.10 on Thursday. The firm has a market capitalization of $79.66 million and a P/E ratio of 13.23. Sharps Compliance has a 1-year low of $3.82 and a 1-year high of $17.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.50 and a quick ratio of 3.03. The business’s 50-day simple moving average is $4.92 and its 200-day simple moving average is $6.21.

Sharps Compliance Company Profile (Get Rating)

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 generated outside the hospital and health care facility settings; TakeAway Recovery System to treat used needles, syringes, and other used healthcare products; Route-Based Pickup Service, a medical and hazardous waste pick-up services; and MedSafe, a solution for the safe collection, transportation, and disposal of unwanted and expired ultimate-user medications.

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