FY2018 Earnings Estimate for Sharps Compliance Corp. (SMED) Issued By Barrington Research

Sharps Compliance Corp. (NASDAQ:SMED) – Stock analysts at Barrington Research boosted their FY2018 EPS estimates for shares of Sharps Compliance in a research note issued on Wednesday. Barrington Research analyst K. Steinke now forecasts that the industrial products company will post earnings per share of $0.06 for the year, up from their prior estimate of $0.05.

Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings results on Tuesday, January 23rd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The business had revenue of $11.12 million during the quarter, compared to analyst estimates of $10.14 million. Sharps Compliance had a return on equity of 0.55% and a net margin of 0.33%. During the same quarter last year, the firm earned ($0.01) EPS.

SMED has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Sharps Compliance from a “sell” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Wednesday, October 25th. Stifel Nicolaus lowered their target price on shares of Sharps Compliance from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 26th.

Sharps Compliance (SMED) opened at $4.59 on Friday. The company has a market cap of $70.12, a price-to-earnings ratio of 459.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.66 and a quick ratio of 2.00. Sharps Compliance has a 12 month low of $3.74 and a 12 month high of $5.73.

Several hedge funds have recently modified their holdings of the stock. Cadence Capital Management LLC grew 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 purchasing an additional 24,072 shares in the last quarter. Goodman Financial Corp grew 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 purchasing an additional 65,799 shares in the last quarter. Finally, Quantum Capital Management acquired a new position in shares of Sharps Compliance during the third quarter worth $507,000. Hedge funds and other institutional investors own 25.49% 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.

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

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