Wall Street analysts forecast that Sharps Compliance Corp. (NASDAQ:SMED) will post $10.06 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sharps Compliance’s earnings. The lowest sales estimate is $9.38 million and the highest is $10.50 million. Sharps Compliance posted sales of $9.68 million during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The company is expected to issue its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Sharps Compliance will report full year sales of $43.11 million for the current year, with estimates ranging from $42.12 million to $44.90 million. For the next fiscal year, analysts expect that the business will report sales of $44.56 million per share, with estimates ranging from $44.42 million to $44.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Sharps Compliance.

Sharps Compliance (NASDAQ:SMED) last announced its quarterly earnings data on Tuesday, August 14th. The industrial products company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Sharps Compliance had a negative return on equity of 2.62% and a negative net margin of 1.67%. The firm had revenue of $9.91 million during the quarter, compared to analysts’ expectations of $11.24 million.

SMED has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Sharps Compliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine upgraded shares of Sharps Compliance from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, TheStreet lowered shares of Sharps Compliance from a “c-” rating to a “d+” rating in a research note on Wednesday, June 27th.

NASDAQ SMED traded up $0.03 during mid-day trading on Monday, reaching $3.46. The stock had a trading volume of 9,859 shares, compared to its average volume of 18,902. Sharps Compliance has a 1 year low of $3.14 and a 1 year high of $5.15. The firm has a market cap of $56.45 million, a P/E ratio of -86.50, a PEG ratio of 1.33 and a beta of 0.56. The company has a quick ratio of 2.05, a current ratio of 2.71 and a debt-to-equity ratio of 0.06.

Institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG increased its stake in shares of Sharps Compliance by 1,194.7% in the 4th quarter. Deutsche Bank AG now owns 28,484 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 26,284 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Sharps Compliance in the 1st quarter worth $376,000. North Star Investment Management Corp. purchased a new stake in shares of Sharps Compliance in the 2nd quarter worth $873,000. Quantum Capital Management increased its stake in shares of Sharps Compliance by 78.4% in the 2nd quarter. Quantum Capital Management now owns 265,105 shares of the industrial products company’s stock worth $978,000 after purchasing an additional 116,512 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Sharps Compliance by 59.6% in the 1st quarter. Wells Fargo & Company MN now owns 227,500 shares of the industrial products company’s stock worth $1,033,000 after purchasing an additional 85,000 shares in the last quarter. Institutional investors and hedge funds own 22.85% of the company’s stock.

About Sharps Compliance

Sharps Compliance Corp. engages in the provision of waste management services including medical, pharmaceutical, and hazardous. It focuses on developing cost-effective management solutions for medical waste and unused dispensed medications generated by small and medium quantity generators. The company was founded in November 1992 and is headquartered in Houston, TX.

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