Wall Street analysts expect Sharps Compliance Corp. (NASDAQ:SMED) to announce $10.38 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Sharps Compliance Corp.’s earnings. The lowest sales estimate is $10.02 million and the highest is $11.01 million. Sharps Compliance Corp. reported sales of $9.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is expected to announce its next earnings report on Wednesday, January 24th.
On average, analysts expect that Sharps Compliance Corp. will report full year sales of $10.38 million for the current financial year, with estimates ranging from $39.90 million to $41.10 million. For the next fiscal year, analysts expect that the company will report sales of $43.44 million per share, with estimates ranging from $42.60 million to $44.12 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sharps Compliance Corp..
SMED has been the topic of several recent research reports. Zacks Investment Research raised shares of Sharps Compliance Corp. from a “sell” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus dropped their price target on shares of Sharps Compliance Corp. from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. ValuEngine raised shares of Sharps Compliance Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, First Analysis raised shares of Sharps Compliance Corp. from an “equal weight” rating to an “overweight” rating and set a $8.00 price target on the stock in a research report on Monday, August 14th.
A number of large investors have recently bought and sold shares of the business. Goodman Financial Corp increased its stake in Sharps Compliance Corp. by 7.0% in the 3rd quarter. Goodman Financial Corp now owns 1,006,500 shares of the industrial products company’s stock valued at $4,811,000 after buying an additional 65,799 shares during the last quarter. Cadence Capital Management LLC increased its stake in Sharps Compliance Corp. by 13.6% in the 3rd quarter. Cadence Capital Management LLC now owns 201,522 shares of the industrial products company’s stock valued at $963,000 after buying an additional 24,072 shares during the last quarter. Lapides Asset Management LLC increased 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 valued at $730,000 after buying an additional 3,800 shares during the last quarter. Finally, Quantum Capital Management purchased a new stake in Sharps Compliance Corp. in the 3rd quarter valued at about $507,000. Hedge funds and other institutional investors own 25.53% of the company’s stock.
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Sharps Compliance Corp. (SMED) opened at $4.14 on Wednesday. Sharps Compliance Corp. has a 1 year low of $3.51 and a 1 year high of $5.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.66 and a quick ratio of 2.00.
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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