Sharps Compliance Corp (SMED) to Post Q2 2018 Earnings of $0.03 Per Share, William Blair Forecasts
Sharps Compliance Corp (NASDAQ:SMED) – Stock analysts at William Blair boosted their Q2 2018 EPS estimates for shares of Sharps Compliance Corp in a report released on Wednesday. William Blair analyst R. Daniels now anticipates that the industrial products company will post earnings of $0.03 per share for the quarter, up from their previous estimate of $0.02. William Blair also issued estimates for Sharps Compliance Corp’s Q3 2018 earnings at $0.01 EPS, FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.16 EPS.
Several other equities analysts also recently weighed in on SMED. Zacks Investment Research raised Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine raised Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus restated a “buy” rating and set a $7.00 price objective on shares of Sharps Compliance Corp in a report on Friday, August 11th. Finally, First Analysis upgraded Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective for the company in a report on Monday, August 14th.
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Sharps Compliance Corp (SMED) traded up 1.69% during mid-day trading on Friday, hitting $4.20. The stock had a trading volume of 9,258 shares. The stock’s 50-day moving average price is $4.68 and its 200-day moving average price is $4.53. Sharps Compliance Corp has a 12 month low of $3.32 and a 12 month high of $5.73. The stock’s market cap is $67.23 million.
Sharps Compliance Corp (NASDAQ:SMED) last released its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $10.51 million. Sharps Compliance Corp had a negative net margin of 0.65% and a negative return on equity of 0.98%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of SMED. North Star Investment Management Corp. increased its position in Sharps Compliance Corp by 98.5% during the 2nd quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock valued at $818,000 after buying an additional 95,922 shares in the last quarter. Goodman Financial Corp increased its holdings in shares of Sharps Compliance Corp by 1.4% in the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock valued at $3,979,000 after purchasing an additional 12,746 shares during the period. Cadence Capital Management LLC increased its holdings 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 valued at $751,000 after purchasing an additional 8,860 shares during the period. Finally, Lapides Asset Management LLC increased its holdings in shares of Sharps Compliance Corp by 2.3% in the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock valued at $730,000 after purchasing an additional 3,800 shares during the period. Hedge funds and other institutional investors own 24.97% of the company’s stock.
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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