Wall Street analysts expect Sharps Compliance Corp. (NASDAQ:SMED) to report $9.56 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sharps Compliance’s earnings. The lowest sales estimate is $9.24 million and the highest is $9.72 million. Sharps Compliance reported sales of $8.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is expected to report its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Sharps Compliance will report full-year sales of $9.56 million for the current fiscal year, with estimates ranging from $40.23 million to $42.10 million. For the next fiscal year, analysts forecast that the company will report sales of $44.06 million per share, with estimates ranging from $43.25 million to $44.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Sharps Compliance.
Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings data on Tuesday, January 23rd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Sharps Compliance had a return on equity of 0.54% and a net margin of 0.33%. The firm had revenue of $11.12 million during the quarter, compared to analysts’ expectations of $10.14 million. During the same period last year, the company earned ($0.01) earnings per share.
Sharps Compliance (NASDAQ:SMED) traded down $0.04 during trading on Friday, reaching $4.72. 12,515 shares of the company were exchanged, compared to its average volume of 44,823. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.46 and a quick ratio of 1.87. Sharps Compliance has a 12 month low of $3.74 and a 12 month high of $5.73. The stock has a market cap of $76.55, a price-to-earnings ratio of 485.00, a P/E/G ratio of 3.92 and a beta of 0.60.
A number of institutional investors have recently bought and sold shares of SMED. Wells Fargo & Company MN purchased a new stake in Sharps Compliance in the 4th quarter worth about $583,000. Quantum Capital Management purchased a new position in shares of Sharps Compliance during the third quarter worth approximately $507,000. Goodman Financial Corp increased 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 acquiring an additional 65,799 shares during the period. Renaissance Technologies LLC increased its position in shares of Sharps Compliance by 8.3% during the fourth quarter. Renaissance Technologies LLC now owns 432,300 shares of the industrial products company’s stock worth $1,768,000 after acquiring an additional 33,300 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Sharps Compliance by 1,194.7% during the fourth quarter. Deutsche Bank AG now owns 28,484 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 26,284 shares during the period. 23.97% of the stock is currently owned by institutional investors.
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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