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.
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sharps Compliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sharps Compliance and related companies with MarketBeat.com's FREE daily email newsletter.