Sharps Compliance Corp (NASDAQ:SMED) – Investment analysts at First Analysis upped their Q1 2018 earnings per share estimates for shares of Sharps Compliance Corp in a research report issued on Monday. First Analysis analyst J. Munda now forecasts that the industrial products company will post earnings of $0.04 per share for the quarter, up from their prior estimate of ($0.02). First Analysis has a “Overweight” rating and a $8.00 price target on the stock.

Sharps Compliance Corp (NASDAQ:SMED) last issued its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.01. Sharps Compliance Corp had a negative return on equity of 2.37% and a negative net margin of 3.39%. The business had revenue of $10.36 million during the quarter, compared to analyst estimates of $10.51 million. During the same quarter last year, the firm earned $0.01 EPS. Sharps Compliance Corp’s revenue for the quarter was up 16.8% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/16/first-analysis-comments-on-sharps-compliance-corps-q1-2018-earnings-smed.html.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $7.00 target price on shares of Sharps Compliance Corp in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Sharps Compliance Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th.

Shares of Sharps Compliance Corp (NASDAQ SMED) traded down 0.3099% during mid-day trading on Wednesday, reaching $5.5328. 20,719 shares of the company’s stock traded hands. Sharps Compliance Corp has a 12-month low of $3.32 and a 12-month high of $5.73. The company’s market cap is $88.56 million. The firm has a 50-day moving average of $4.55 and a 200 day moving average of $4.47.

Several large investors have recently made changes to their positions in SMED. North Star Investment Management Corp. increased its stake in shares of Sharps Compliance Corp by 98.5% in the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock worth $818,000 after buying an additional 95,922 shares during the last quarter. Goodman Financial Corp increased its stake 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 last quarter. 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 last quarter. 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 last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of Sharps Compliance Corp by 5.3% in the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock worth $751,000 after buying an additional 8,860 shares during the last quarter. 25.91% of the stock is currently owned by hedge funds and other institutional investors.

About Sharps Compliance Corp

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.

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

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