Equities research analysts forecast that Sharps Compliance Corp. (NASDAQ:SMED) will report $10.75 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Sharps Compliance Corp.’s earnings, with the highest sales estimate coming in at $11.03 million and the lowest estimate coming in at $10.4 million. Sharps Compliance Corp. reported sales of $8.87 million during the same quarter last year, which would suggest a positive year over year growth rate of 21.2%. The firm is scheduled to announce its next earnings report on Wednesday, August 9th.

According to Zacks, analysts expect that Sharps Compliance Corp. will report full year sales of $10.75 million for the current fiscal year, with estimates ranging from $38.2 million to $38.86 million. For the next financial year, analysts expect that the business will post sales of $41.66 million per share, with estimates ranging from $41.1 million to $42.62 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Sharps Compliance Corp..

Sharps Compliance Corp. (NASDAQ:SMED) last posted its earnings results on Wednesday, April 26th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Sharps Compliance Corp. had a negative return on equity of 5.24% and a negative net margin of 5.80%. The firm had revenue of $8.59 million during the quarter, compared to the consensus estimate of $8.38 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The business’s revenue was up 29.2% compared to the same quarter last year.

Separately, Zacks Investment Research lowered Sharps Compliance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 29th.

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A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in Sharps Compliance Corp. by 20.9% in the first quarter. Morgan Stanley now owns 125,326 shares of the industrial products company’s stock worth $597,000 after buying an additional 21,695 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Sharps Compliance Corp. by 0.6% in the first quarter. Geode Capital Management LLC now owns 60,041 shares of the industrial products company’s stock worth $285,000 after buying an additional 354 shares during the period. Cadence Capital Management LLC increased its position in shares of Sharps Compliance Corp. by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock worth $802,000 after buying an additional 6,710 shares during the period. Goodman Financial Corp increased its position in shares of Sharps Compliance Corp. by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock worth $4,417,000 after buying an additional 44,506 shares during the period. Finally, Mesirow Financial Investment Management Equity Management increased its position in shares of Sharps Compliance Corp. by 32.5% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 57,013 shares of the industrial products company’s stock worth $272,000 after buying an additional 13,972 shares during the period. Institutional investors own 23.94% of the company’s stock.

Sharps Compliance Corp. (NASDAQ:SMED) traded down 0.48% during mid-day trading on Wednesday, hitting $4.15. 1,035 shares of the stock traded hands. The firm’s 50-day moving average is $4.44 and its 200 day moving average is $4.35. Sharps Compliance Corp. has a 52-week low of $3.32 and a 52-week high of $5.87. The firm’s market cap is $66.38 million.

Sharps Compliance Corp. 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.

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