Analysts predict that Sharps Compliance Corp (NASDAQ:SMED) will report $10.38 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sharps Compliance’s earnings, with estimates ranging from $10.02 million to $11.01 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 6.9%. The company is expected to issue its next quarterly earnings report on Wednesday, January 24th.
On average, analysts expect that Sharps Compliance will report full-year sales of $10.38 million for the current year, with estimates ranging from $39.90 million to $41.10 million. For the next financial year, analysts forecast that the business will report sales of $43.44 million per share, with estimates ranging from $42.60 million to $44.12 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Sharps Compliance.
SMED has been the topic of several recent analyst reports. Zacks Investment Research lowered Sharps Compliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. ValuEngine raised Sharps Compliance from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. First Analysis raised Sharps Compliance from an “equal weight” rating to an “overweight” rating and set a $8.00 price target on the stock in a research note on Monday, August 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $7.00 price target on shares of Sharps Compliance in a research note on Friday, August 11th.
Sharps Compliance (NASDAQ:SMED) traded down $0.02 during midday trading on Wednesday, reaching $4.21. The company’s stock had a trading volume of 7,161 shares, compared to its average volume of 15,287. Sharps Compliance has a one year low of $3.51 and a one year high of $5.73. The company has a current ratio of 2.66, a quick ratio of 2.00 and a debt-to-equity ratio of 0.07.
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About Sharps Compliance
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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