$0.02 EPS Expected for Sharps Compliance Corp. (NASDAQ:SMED) This Quarter

Wall Street brokerages forecast that Sharps Compliance Corp. (NASDAQ:SMED) will announce earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sharps Compliance’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.03. The business is expected to issue its next earnings results before the market opens on Wednesday, October 23rd.

According to Zacks, analysts expect that Sharps Compliance will report full year earnings of $0.07 per share for the current year, with EPS estimates ranging from $0.07 to $0.08. For the next financial year, analysts expect that the company will report earnings of $0.12 per share, with EPS estimates ranging from $0.11 to $0.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Sharps Compliance.

Sharps Compliance (NASDAQ:SMED) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Sharps Compliance had a return on equity of 0.82% and a net margin of 0.48%. The firm had revenue of $12.17 million for the quarter, compared to analysts’ expectations of $10.77 million.

A number of analysts recently issued reports on SMED shares. Zacks Investment Research raised Sharps Compliance from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Wednesday, September 18th. TheStreet raised Sharps Compliance from a “d+” rating to a “c-” rating in a report on Wednesday, August 21st. ValuEngine cut Sharps Compliance from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Robert W. Baird started coverage on Sharps Compliance in a report on Wednesday, July 24th. They set a “buy” rating and a $4.50 price objective on the stock. Finally, Roth Capital started coverage on Sharps Compliance in a report on Wednesday, July 24th. They set a “buy” rating and a $4.50 price objective on the stock. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.50.

Shares of SMED opened at $4.20 on Wednesday. The stock’s 50-day simple moving average is $4.09 and its 200 day simple moving average is $3.68. The stock has a market capitalization of $66.20 million, a price-to-earnings ratio of 410.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.83 and a current ratio of 2.29. Sharps Compliance has a 52-week low of $2.97 and a 52-week high of $4.48.

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in shares of Sharps Compliance by 8.3% in the 2nd quarter. Wells Fargo & Company MN now owns 424,814 shares of the industrial products company’s stock valued at $1,512,000 after acquiring an additional 32,600 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Sharps Compliance by 9.8% in the 3rd quarter. North Star Investment Management Corp. now owns 271,575 shares of the industrial products company’s stock valued at $1,127,000 after acquiring an additional 24,150 shares in the last quarter. Morgan Stanley raised its holdings in shares of Sharps Compliance by 34.3% in the 2nd quarter. Morgan Stanley now owns 188,699 shares of the industrial products company’s stock valued at $672,000 after acquiring an additional 48,199 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Sharps Compliance by 3.8% in the 2nd quarter. BlackRock Inc. now owns 108,739 shares of the industrial products company’s stock valued at $387,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Lapides Asset Management LLC raised its holdings in shares of Sharps Compliance by 13.3% in the 2nd quarter. Lapides Asset Management LLC now owns 164,700 shares of the industrial products company’s stock valued at $586,000 after acquiring an additional 19,300 shares in the last quarter. 17.24% of the stock is currently owned by hedge funds and other institutional investors.

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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