Sharps Compliance Corp (SMED) Expected to Announce Quarterly Sales of $10.14 Million

Brokerages expect that Sharps Compliance Corp (NASDAQ:SMED) will announce $10.14 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Sharps Compliance’s earnings. The lowest sales estimate is $10.02 million and the highest is $10.30 million. Sharps Compliance posted sales of $9.71 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The business is scheduled to report its next earnings results on Wednesday, January 24th.

On average, analysts expect that Sharps Compliance will report full year sales of $10.14 million for the current fiscal year, with estimates ranging from $39.84 million to $41.10 million. For the next financial year, analysts forecast that the firm will report sales of $43.02 million per share, with estimates ranging from $42.44 million to $43.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Sharps Compliance.

SMED has been the topic of several recent analyst reports. Zacks Investment Research lowered Sharps Compliance from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Stifel Nicolaus dropped their price objective on Sharps Compliance from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, October 26th.

Sharps Compliance (SMED) traded down $0.02 during trading hours on Thursday, reaching $4.07. The company had a trading volume of 19,175 shares, compared to its average volume of 19,616. The stock has a market capitalization of $63.39, a price-to-earnings ratio of -203.50, a PEG ratio of 3.73 and a beta of 0.69. The company has a quick ratio of 2.00, a current ratio of 2.66 and a debt-to-equity ratio of 0.07. Sharps Compliance has a 52-week low of $3.51 and a 52-week high of $5.73.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goodman Financial Corp boosted its stake in shares of Sharps Compliance by 7.0% during the third quarter. Goodman Financial Corp now owns 1,006,500 shares of the industrial products company’s stock worth $4,811,000 after buying an additional 65,799 shares during the period. Cadence Capital Management LLC boosted its stake in shares of Sharps Compliance by 13.6% during the third quarter. Cadence Capital Management LLC now owns 201,522 shares of the industrial products company’s stock worth $963,000 after buying an additional 24,072 shares during the period. Finally, Quantum Capital Management acquired a new stake in shares of Sharps Compliance during the third quarter worth about $507,000. Institutional investors and hedge funds own 25.45% of the company’s stock.

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Sharps Compliance 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.

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

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