Zacks: Brokerages Anticipate Sharps Compliance Corp (SMED) Will Announce Quarterly Sales of $10.38 Million

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.

Several institutional investors have recently made changes to their positions in the company. Lapides Asset Management LLC lifted its stake in Sharps Compliance by 2.3% during the 2nd quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock worth $730,000 after acquiring an additional 3,800 shares in the last quarter. Cadence Capital Management LLC lifted its stake in Sharps Compliance by 5.3% during the 2nd quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 8,860 shares in the last quarter. Goodman Financial Corp lifted its stake in Sharps Compliance by 1.4% during the 2nd quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock worth $3,979,000 after acquiring an additional 12,746 shares in the last quarter. Finally, Quantum Capital Management acquired a new position in Sharps Compliance during the 3rd quarter worth about $507,000. 25.53% of the stock is currently owned by institutional investors and hedge funds.

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

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