Equities analysts predict that Sharps Compliance Corp. (NASDAQ:SMED) will report earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sharps Compliance’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Sharps Compliance posted earnings per share of ($0.01) during the same quarter last year, which indicates a positive year over year growth rate of 300%. The firm is scheduled to announce its next earnings results on Tuesday, August 13th.

On average, analysts expect that Sharps Compliance will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.07. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.23 per share, with EPS estimates ranging from $0.10 to $0.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Sharps Compliance.

Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Sharps Compliance had a negative return on equity of 1.64% and a negative net margin of 1.00%. The firm had revenue of $9.45 million during the quarter, compared to analysts’ expectations of $10.09 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share.

Separately, Zacks Investment Research upgraded Sharps Compliance from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Thursday, April 25th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantum Capital Management boosted its holdings in shares of Sharps Compliance by 0.6% in the 1st quarter. Quantum Capital Management now owns 522,569 shares of the industrial products company’s stock worth $1,913,000 after purchasing an additional 3,223 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sharps Compliance by 2.1% in the 1st quarter. Renaissance Technologies LLC now owns 459,143 shares of the industrial products company’s stock worth $1,680,000 after purchasing an additional 9,243 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Sharps Compliance by 10.8% in the 1st quarter. Wells Fargo & Company MN now owns 392,214 shares of the industrial products company’s stock worth $1,436,000 after purchasing an additional 38,214 shares in the last quarter. Hedge funds and other institutional investors own 20.42% of the company’s stock.

Shares of SMED traded down $0.01 during midday trading on Wednesday, reaching $3.50. The stock had a trading volume of 6,323 shares, compared to its average volume of 9,543. Sharps Compliance has a 12-month low of $2.97 and a 12-month high of $4.22. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $56.49 million, a P/E ratio of -87.50, a PEG ratio of 3.30 and a beta of 0.11.

Sharps Compliance Company Profile

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States. It offers Sharps Recovery System for the containment, transportation, treatment, and tracking of medical waste and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web-based compliance and training program.

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

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