Analysts forecast that Sharps Compliance Corp (NASDAQ:SMED) will announce sales of $10.64 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sharps Compliance Corp’s earnings, with the lowest sales estimate coming in at $10.34 million and the highest estimate coming in at $11.03 million. Sharps Compliance Corp reported sales of $8.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The business is expected to announce its next quarterly earnings report on Wednesday, August 9th.

According to Zacks, analysts expect that Sharps Compliance Corp will report full year sales of $10.64 million for the current fiscal year, with estimates ranging from $38.17 million to $38.86 million. For the next year, analysts anticipate that the firm will post sales of $41.54 million per share, with estimates ranging from $41.10 million to $42.62 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Sharps Compliance Corp.

Sharps Compliance Corp (NASDAQ:SMED) last issued its quarterly earnings data on Wednesday, April 26th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The company had revenue of $8.59 million during the quarter, compared to analysts’ expectations of $8.38 million. Sharps Compliance Corp had a negative net margin of 4.47% and a negative return on equity of 3.66%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) earnings per share.

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

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Institutional investors have recently added to or reduced their stakes in the company. Lapides Asset Management LLC increased its position in 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. Cadence Capital Management LLC increased its position in 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 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 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 26.22% of the company’s stock.

Shares of Sharps Compliance Corp (NASDAQ SMED) remained flat at $4.21 during mid-day trading on Friday. The stock had a trading volume of 13 shares. The firm has a 50 day moving average price of $4.14 and a 200 day moving average price of $4.37. The company’s market capitalization is $67.39 million. Sharps Compliance Corp has a one year low of $3.32 and a one year high of $5.87.

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

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