Brokerages expect that Sharps Compliance Corp. (NASDAQ:SMED) will post $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sharps Compliance’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.03. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Sharps Compliance will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.19. For the next fiscal year, analysts forecast that the business will post earnings of $0.11 per share, with EPS estimates ranging from $0.09 to $0.12. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sharps Compliance.
Sharps Compliance (NASDAQ:SMED) last announced its quarterly earnings results on Tuesday, August 14th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $9.91 million for the quarter, compared to analysts’ expectations of $11.24 million. Sharps Compliance had a negative net margin of 1.67% and a negative return on equity of 2.62%.
A number of analysts have recently issued reports on SMED shares. Zacks Investment Research downgraded shares of Sharps Compliance from a “hold” rating to a “strong sell” rating in a report on Thursday, September 6th. TheStreet downgraded shares of Sharps Compliance from a “c-” rating to a “d+” rating in a report on Wednesday, June 27th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. bought a new position in shares of Sharps Compliance in the 2nd quarter worth approximately $873,000. Quantum Capital Management lifted its stake in shares of Sharps Compliance by 78.4% in the 2nd quarter. Quantum Capital Management now owns 265,105 shares of the industrial products company’s stock worth $978,000 after purchasing an additional 116,512 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Sharps Compliance by 59.6% in the 1st quarter. Wells Fargo & Company MN now owns 227,500 shares of the industrial products company’s stock worth $1,033,000 after purchasing an additional 85,000 shares during the period. 22.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ SMED opened at $3.27 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.05 and a debt-to-equity ratio of 0.06. The stock has a market cap of $55.48 million, a PE ratio of -81.75, a P/E/G ratio of 1.30 and a beta of 0.50. Sharps Compliance has a 52-week low of $3.13 and a 52-week high of $5.15.
About Sharps Compliance
Sharps Compliance Corp. engages in the provision of waste management services including medical, pharmaceutical, and hazardous. It focuses on developing cost-effective management solutions for medical waste and unused dispensed medications generated by small and medium quantity generators. The company was founded in November 1992 and is headquartered in Houston, TX.
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