Equities analysts expect Sharps Compliance Corp. (NASDAQ:SMED) to report sales of $9.56 million for the current quarter, Zacks reports. Four analysts have issued estimates for Sharps Compliance’s earnings, with the lowest sales estimate coming in at $9.24 million and the highest estimate coming in at $9.72 million. Sharps Compliance reported sales of $8.59 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The business is expected to announce its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Sharps Compliance will report full-year sales of $9.56 million for the current fiscal year, with estimates ranging from $40.23 million to $42.10 million. For the next year, analysts forecast that the business will report sales of $44.06 million per share, with estimates ranging from $43.25 million to $44.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Sharps Compliance.
Sharps Compliance (NASDAQ:SMED) last issued its quarterly earnings data on Tuesday, January 23rd. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Sharps Compliance had a net margin of 0.33% and a return on equity of 0.54%. The company had revenue of $11.12 million for the quarter, compared to the consensus estimate of $10.14 million. During the same period in the previous year, the business earned ($0.01) EPS.
A number of institutional investors have recently added to or reduced their stakes in the business. Goodman Financial Corp raised its stake in shares of Sharps Compliance by 7.0% in 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 during the last quarter. Renaissance Technologies LLC raised its stake in shares of Sharps Compliance by 8.3% in the fourth quarter. Renaissance Technologies LLC now owns 432,300 shares of the industrial products company’s stock worth $1,768,000 after purchasing an additional 33,300 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Sharps Compliance by 9.1% in the fourth quarter. Cadence Capital Management LLC now owns 219,944 shares of the industrial products company’s stock worth $900,000 after purchasing an additional 18,422 shares during the last quarter. Wells Fargo & Company MN purchased a new position in shares of Sharps Compliance in the fourth quarter worth about $583,000. Finally, Quantum Capital Management purchased a new position in shares of Sharps Compliance in the third quarter worth about $507,000. Institutional investors own 23.97% of the company’s stock.
Sharps Compliance (NASDAQ SMED) traded down $0.20 during trading on Friday, reaching $4.85. The company’s stock had a trading volume of 22,000 shares, compared to its average volume of 46,412. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.87 and a current ratio of 2.46. Sharps Compliance has a 52 week low of $3.74 and a 52 week high of $5.73. The stock has a market capitalization of $78.00, a PE ratio of 485.00, a PEG ratio of 3.92 and a beta of 0.60.
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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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