Sharps Compliance Corp. (SMED) Expected to Announce Earnings of $0.05 Per Share

Wall Street analysts expect Sharps Compliance Corp. (NASDAQ:SMED) to report earnings of $0.05 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sharps Compliance Corp.’s earnings, with estimates ranging from $0.04 to $0.06. Sharps Compliance Corp. posted earnings of $0.02 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The company is scheduled to announce its next earnings report on Wednesday, August 9th.

According to Zacks, analysts expect that Sharps Compliance Corp. will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.01). For the next financial year, analysts forecast that the company will post earnings of $0.10 per share, with EPS estimates ranging from $0.04 to $0.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Sharps Compliance Corp..

Sharps Compliance Corp. (NASDAQ:SMED) last issued its earnings results on Wednesday, April 26th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.01. The firm had revenue of $8.59 million during the quarter, compared to analyst estimates of $8.38 million. Sharps Compliance Corp. had a negative return on equity of 5.24% and a negative net margin of 5.80%. Sharps Compliance Corp.’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS.

Separately, Zacks Investment Research cut Sharps Compliance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, February 1st.

Shares of Sharps Compliance Corp. (NASDAQ:SMED) traded up 2.40% on Monday, hitting $4.27. The stock had a trading volume of 7,490 shares. The stock’s market cap is $68.35 million. Sharps Compliance Corp. has a 1-year low of $3.32 and a 1-year high of $5.87. The firm’s 50-day moving average is $4.40 and its 200 day moving average is $4.35.

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A number of institutional investors have recently bought and sold shares of the stock. Goodman Financial Corp raised its stake in Sharps Compliance Corp. by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock valued at $4,417,000 after buying an additional 44,506 shares in the last quarter. Ranger Investment Management L.P. raised its stake in Sharps Compliance Corp. by 33.1% in the fourth quarter. Ranger Investment Management L.P. now owns 387,840 shares of the industrial products company’s stock valued at $1,485,000 after buying an additional 96,540 shares in the last quarter. Lapides Asset Management LLC raised its stake in Sharps Compliance Corp. by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock valued at $803,000 after buying an additional 26,400 shares in the last quarter. Cadence Capital Management LLC raised its stake in Sharps Compliance Corp. by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock valued at $802,000 after buying an additional 6,710 shares in the last quarter. Finally, Morgan Stanley raised its stake in Sharps Compliance Corp. by 20.9% in the first quarter. Morgan Stanley now owns 125,326 shares of the industrial products company’s stock valued at $597,000 after buying an additional 21,695 shares in the last quarter. 23.94% of the stock is owned by hedge funds and other institutional investors.

Sharps Compliance Corp. Company Profile

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.

12 Month Chart for NASDAQ:SMED

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