$0.04 EPS Expected for Sharps Compliance Corp. (NASDAQ:SMED) This Quarter

Brokerages expect Sharps Compliance Corp. (NASDAQ:SMEDGet Rating) to report $0.04 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Sharps Compliance’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.02. Sharps Compliance posted earnings of $0.40 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 90%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Sharps Compliance will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.14. For the next year, analysts expect that the business will post earnings of $0.16 per share, with EPS estimates ranging from $0.13 to $0.19. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Sharps Compliance.

Sharps Compliance (NASDAQ:SMEDGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The industrial products company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The business had revenue of $18.88 million during the quarter, compared to analyst estimates of $18.41 million. Sharps Compliance had a return on equity of 19.50% and a net margin of 15.91%. During the same quarter in the previous year, the company earned $0.07 EPS.

Several analysts recently commented on SMED shares. Roth Capital lowered shares of Sharps Compliance from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $7.00 in a research report on Tuesday, April 5th. TheStreet downgraded shares of Sharps Compliance from a “b-” rating to a “c+” rating in a report on Friday, December 17th. Zacks Investment Research downgraded shares of Sharps Compliance from a “buy” rating to a “hold” rating in a research note on Thursday, March 31st. Finally, StockNews.com initiated coverage on shares of Sharps Compliance in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.88.

SMED stock traded down $0.39 during midday trading on Thursday, hitting $4.81. 4,223 shares of the stock traded hands, compared to its average volume of 182,950. The firm has a market cap of $92.59 million, a P/E ratio of 6.68 and a beta of -0.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.85 and a quick ratio of 3.40. The stock’s fifty day simple moving average is $5.94 and its 200-day simple moving average is $6.94. Sharps Compliance has a 1-year low of $4.81 and a 1-year high of $18.67.

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of Sharps Compliance by 505.0% during the second quarter. Millennium Management LLC now owns 141,357 shares of the industrial products company’s stock valued at $1,456,000 after acquiring an additional 117,992 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Sharps Compliance by 19.5% in the second quarter. Wells Fargo & Company MN now owns 334,957 shares of the industrial products company’s stock valued at $3,450,000 after purchasing an additional 54,656 shares in the last quarter. Morgan Stanley grew its holdings in shares of Sharps Compliance by 244.7% in the second quarter. Morgan Stanley now owns 603,414 shares of the industrial products company’s stock valued at $6,215,000 after purchasing an additional 428,350 shares in the last quarter. Strs Ohio grew its holdings in shares of Sharps Compliance by 187.0% in the third quarter. Strs Ohio now owns 70,600 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 46,000 shares in the last quarter. Finally, Perkins Capital Management Inc. acquired a new position in shares of Sharps Compliance in the third quarter valued at approximately $976,000. Hedge funds and other institutional investors own 54.72% of the company’s stock.

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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