Sharps Compliance Corp. (SMED) Expected to Post Earnings of $0.02 Per Share

Wall Street analysts expect that Sharps Compliance Corp. (NASDAQ:SMED) will report earnings of $0.02 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Sharps Compliance’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Sharps Compliance reported earnings of ($0.01) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 300%. The business is scheduled to announce its next quarterly earnings report on Tuesday, August 13th.

On average, analysts expect that Sharps Compliance will report full-year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.07. For the next financial year, analysts expect that the firm will post earnings of $0.18 per share, with EPS estimates ranging from $0.08 to $0.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Sharps Compliance.

Sharps Compliance (NASDAQ:SMED) last issued 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 net margin of 1.00% and a negative return on equity of 1.64%. The business had revenue of $9.45 million for the quarter, compared to the consensus estimate of $10.09 million. During the same period in the previous year, the firm earned ($0.05) EPS.

Separately, Zacks Investment Research upgraded shares of Sharps Compliance from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Thursday, April 25th.

Shares of SMED traded down $0.09 during trading hours on Wednesday, reaching $3.47. 543 shares of the stock traded hands, compared to its average volume of 12,954. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 2.49. Sharps Compliance has a 52-week low of $2.97 and a 52-week high of $4.22. The stock has a market cap of $56.02 million, a price-to-earnings ratio of -86.75, a price-to-earnings-growth ratio of 3.34 and a beta of 0.11.

An institutional investor recently raised its position in Sharps Compliance stock. Quantum Capital Management grew its stake in Sharps Compliance Corp. (NASDAQ:SMED) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,346 shares of the industrial products company’s stock after acquiring an additional 34,890 shares during the period. Sharps Compliance accounts for 1.0% of Quantum Capital Management’s holdings, making the stock its 25th biggest holding. Quantum Capital Management owned about 3.22% of Sharps Compliance worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.41% of the company’s stock.

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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