Sharps Compliance Corp (NASDAQ:SMED) – Stock analysts at Barrington Research decreased their FY2017 earnings per share (EPS) estimates for shares of Sharps Compliance Corp in a note issued to investors on Monday. Barrington Research analyst K. Steinke now forecasts that the industrial products company will post earnings per share of ($0.08) for the year, down from their prior forecast of ($0.07).

Sharps Compliance Corp (NASDAQ:SMED) last issued its quarterly 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. The business had revenue of $8.59 million during the quarter, compared to the consensus estimate of $8.38 million. Sharps Compliance Corp had a negative return on equity of 3.66% and a negative net margin of 4.47%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share.

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

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

Shares of Sharps Compliance Corp (NASDAQ SMED) traded down 0.25% on Thursday, hitting $4.02. 316 shares of the company traded hands. The firm’s 50-day moving average is $4.23 and its 200 day moving average is $4.38. The firm’s market capitalization is $64.34 million. Sharps Compliance Corp has a 1-year low of $3.32 and a 1-year high of $5.87.

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake 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 stake 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. Mesirow Financial Investment Management Equity Management increased its stake 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. Morgan Stanley increased its stake in shares of 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 during the period. Finally, Lapides Asset Management LLC increased its stake in shares of Sharps Compliance Corp by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock worth $803,000 after buying an additional 26,400 shares during the period. 26.22% of the stock is owned by institutional investors and hedge funds.

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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