Equities analysts forecast that Sharps Compliance Corp. (NASDAQ:SMED) will report $9.56 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sharps Compliance’s earnings, with the highest sales estimate coming in at $9.72 million and the lowest estimate coming in at $9.24 million. Sharps Compliance posted sales of $8.59 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The company is scheduled to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Sharps Compliance will report full-year sales of $9.56 million for the current year, with estimates ranging from $40.23 million to $42.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $44.06 million per share, with estimates ranging from $43.25 million to $44.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Sharps Compliance.
Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings data on Tuesday, January 23rd. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Sharps Compliance had a return on equity of 0.54% and a net margin of 0.33%. The firm had revenue of $11.12 million for the quarter, compared to analysts’ expectations of $10.14 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share.
Several research firms have weighed in on SMED. Stifel Nicolaus lowered their price objective on shares of Sharps Compliance from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Sharps Compliance from a “sell” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Wednesday, October 25th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG grew its holdings in shares of Sharps Compliance by 1,194.7% during the 4th quarter. Deutsche Bank AG now owns 28,484 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 26,284 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Sharps Compliance by 8.3% during the 4th quarter. Renaissance Technologies LLC now owns 432,300 shares of the industrial products company’s stock valued at $1,768,000 after acquiring an additional 33,300 shares in the last quarter. Wells Fargo & Company MN purchased a new position in shares of Sharps Compliance during the 4th quarter valued at $583,000. Cadence Capital Management LLC grew its holdings in shares of Sharps Compliance by 9.1% during the 4th quarter. Cadence Capital Management LLC now owns 219,944 shares of the industrial products company’s stock valued at $900,000 after acquiring an additional 18,422 shares in the last quarter. Finally, Quantum Capital Management purchased a new position in shares of Sharps Compliance during the 3rd quarter valued at $507,000. Hedge funds and other institutional investors own 23.97% of the company’s stock.
Sharps Compliance (NASDAQ SMED) traded down $0.20 during midday trading on Friday, reaching $4.85. 22,000 shares of the company’s stock traded hands, compared to its average volume of 46,412. Sharps Compliance has a 12-month low of $3.74 and a 12-month high of $5.73. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.87 and a current ratio of 2.46. The stock has a market cap of $78.00, a PE ratio of 485.00, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60.
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About Sharps Compliance
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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