Brokerages expect Sharps Compliance Corp. (NASDAQ:SMED) to report sales of $11.24 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sharps Compliance’s earnings. The highest sales estimate is $11.70 million and the lowest is $11.00 million. Sharps Compliance reported sales of $10.36 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, August 14th.

On average, analysts expect that Sharps Compliance will report full-year sales of $41.51 million for the current fiscal year, with estimates ranging from $41.20 million to $42.10 million. For the next year, analysts anticipate that the company will report sales of $43.53 million per share, with estimates ranging from $42.10 million to $44.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Sharps Compliance.

Several research analysts have issued reports on SMED shares. Stifel Nicolaus lowered shares of Sharps Compliance from a “buy” rating to a “hold” rating and decreased their price target for the stock from $6.00 to $4.00 in a research report on Monday, April 30th. TheStreet cut shares of Sharps Compliance from a “c-” rating to a “d+” rating in a research report on Wednesday, June 27th. Zacks Investment Research cut shares of Sharps Compliance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 1st. Finally, ValuEngine upgraded shares of Sharps Compliance from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. acquired a new stake in shares of Sharps Compliance during the 2nd quarter valued at $873,000. Wells Fargo & Company MN acquired a new stake in shares of Sharps Compliance in the 4th quarter valued at $583,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Sharps Compliance in the 1st quarter valued at $376,000. Marathon Capital Management acquired a new stake in shares of Sharps Compliance in the 1st quarter valued at $249,000. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Sharps Compliance by 557.2% in the 1st quarter. Thompson Davis & CO. Inc. now owns 48,894 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 41,454 shares during the last quarter. Hedge funds and other institutional investors own 23.27% of the company’s stock.

Sharps Compliance stock traded down $0.04 during mid-day trading on Tuesday, hitting $3.40. The company’s stock had a trading volume of 5,526 shares, compared to its average volume of 83,878. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.02 and a current ratio of 2.70. The firm has a market cap of $55.32 million, a price-to-earnings ratio of -85.00, a price-to-earnings-growth ratio of 1.62 and a beta of 0.53. Sharps Compliance has a twelve month low of $3.40 and a twelve month high of $5.73.

Sharps Compliance Company Profile

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 and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web-based compliance and training program.

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Earnings History and Estimates for Sharps Compliance (NASDAQ:SMED)

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