Zacks: Brokerages Anticipate Sharps Compliance Corp. (SMED) Will Announce Quarterly Sales of $10.38 Million

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.

WARNING: This report was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2017/12/07/zacks-brokerages-anticipate-sharps-compliance-corp-smed-will-announce-quarterly-sales-of-10-38-million-updated-updated.html.

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.

Get a free copy of the Zacks research report on Sharps Compliance Corp. (SMED)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sharps Compliance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sharps Compliance Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply