Wall Street brokerages expect Sharps Compliance Corp (NASDAQ:SMED) to report $10.14 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Sharps Compliance’s earnings. The lowest sales estimate is $10.02 million and the highest is $10.30 million. Sharps Compliance reported sales of $9.71 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The business is scheduled to report its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Sharps Compliance will report full-year sales of $10.14 million for the current year, with estimates ranging from $39.84 million to $41.10 million. For the next year, analysts forecast that the firm will post sales of $43.02 million per share, with estimates ranging from $42.44 million to $43.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Sharps Compliance.

A number of brokerages have issued reports on SMED. Zacks Investment Research cut shares of Sharps Compliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. First Analysis raised shares of Sharps Compliance from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective on the stock in a research note on Monday, August 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Sharps Compliance from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th.

Sharps Compliance (NASDAQ SMED) opened at $3.75 on Friday. Sharps Compliance has a 52 week low of $3.51 and a 52 week high of $5.73. The company has a quick ratio of 2.00, a current ratio of 2.66 and a debt-to-equity ratio of 0.07.

A number of hedge funds have recently made changes to their positions in SMED. Goodman Financial Corp boosted its position in shares of Sharps Compliance by 7.0% during the third quarter. Goodman Financial Corp now owns 1,006,500 shares of the industrial products company’s stock worth $4,811,000 after purchasing an additional 65,799 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of Sharps Compliance by 13.6% during the third quarter. Cadence Capital Management LLC now owns 201,522 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 24,072 shares in the last quarter. Lapides Asset Management LLC boosted its position in shares of Sharps Compliance by 2.3% during the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Quantum Capital Management bought a new position in shares of Sharps Compliance during the third quarter worth $507,000. 25.45% of the stock is currently owned by hedge funds and other institutional investors.

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About Sharps Compliance

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 (NASDAQ:SMED)

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