Equities analysts forecast that Sharps Compliance Corp. (NASDAQ:SMED) will announce $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sharps Compliance Corp.’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. Sharps Compliance Corp. posted earnings per share of $0.02 in the same quarter last year, which indicates a positive year-over-year growth rate of 150%. The company is expected to announce its next earnings report on Wednesday, August 9th.
On average, analysts expect that Sharps Compliance Corp. will report full year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.08) to ($0.01). For the next fiscal year, analysts expect that the firm will report earnings of $0.10 per share, with EPS estimates ranging from $0.04 to $0.12. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Sharps Compliance Corp..
Sharps Compliance Corp. (NASDAQ:SMED) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $8.59 million for 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%. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share.
Separately, Zacks Investment Research cut shares of Sharps Compliance Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th.
Sharps Compliance Corp. (NASDAQ:SMED) traded up 2.40% during mid-day trading on Monday, reaching $4.27. The company had a trading volume of 7,490 shares. Sharps Compliance Corp. has a 52-week low of $3.32 and a 52-week high of $5.87. The stock’s market capitalization is $68.35 million. The company’s 50 day moving average is $4.40 and its 200 day moving average is $4.35.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goodman Financial Corp boosted its position 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 worth $4,417,000 after buying an additional 44,506 shares during the period. Ranger Investment Management L.P. boosted its position 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 worth $1,485,000 after buying an additional 96,540 shares during the period. Lapides Asset Management LLC boosted its position 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 worth $803,000 after buying an additional 26,400 shares during the period. Cadence Capital Management LLC boosted its position 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 worth $802,000 after buying an additional 6,710 shares during the period. Finally, Morgan Stanley boosted its position 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 worth $597,000 after buying an additional 21,695 shares during the period. Institutional investors own 23.94% of the company’s stock.
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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.
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