Sharps Compliance Corp. (NASDAQ:SMED) – Barrington Research issued their Q1 2017 earnings per share estimates for Sharps Compliance Corp. in a research note issued on Friday. Barrington Research analyst K. Steinke expects that the firm will post earnings of ($0.01) per share for the quarter. Barrington Research currently has a “Outperform” rating and a $6.00 target price on the stock. Barrington Research also issued estimates for Sharps Compliance Corp.’s Q2 2017 earnings at $0.06 EPS and Q4 2017 earnings at $0.03 EPS.
Other research analysts have also recently issued reports about the stock. First Analysis cut shares of Sharps Compliance Corp. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $9.00 to $6.00 in a report on Friday, August 12th. Zacks Investment Research upgraded shares of Sharps Compliance Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $7.50.
Shares of Sharps Compliance Corp. (NASDAQ:SMED) traded down 1.39% during midday trading on Monday, hitting $4.27. 5,378 shares of the stock were exchanged. The firm has a 50 day moving average of $4.47 and a 200-day moving average of $4.78. Sharps Compliance Corp. has a 12 month low of $4.09 and a 12 month high of $10.30. The stock has a market cap of $67.90 million, a P/E ratio of 4270.00 and a beta of 0.40.
Sharps Compliance Corp. (NASDAQ:SMED) last announced its earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $8.90 million for the quarter, compared to the consensus estimate of $9 million. Sharps Compliance Corp. had a net margin of 0.04% and a return on equity of 0.85%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of SMED. Heartland Advisors Inc. boosted its position in shares of Sharps Compliance Corp. by 691.3% in the second quarter. Heartland Advisors Inc. now owns 340,510 shares of the company’s stock valued at $1,495,000 after buying an additional 297,480 shares during the last quarter. Ingalls & Snyder LLC purchased a new stake in Sharps Compliance Corp. during the second quarter worth $318,000. Ranger Investment Management L.P. boosted its stake in Sharps Compliance Corp. by 26.3% in the second quarter. Ranger Investment Management L.P. now owns 268,990 shares of the company’s stock worth $1,181,000 after buying an additional 56,060 shares in the last quarter. Anderson Hoagland & Co. boosted its stake in Sharps Compliance Corp. by 171.1% in the second quarter. Anderson Hoagland & Co. now owns 84,610 shares of the company’s stock worth $371,000 after buying an additional 53,404 shares in the last quarter. Finally, Goodman Financial Corp boosted its stake in Sharps Compliance Corp. by 6.7% in the second quarter. Goodman Financial Corp now owns 821,849 shares of the company’s stock worth $3,608,000 after buying an additional 51,454 shares in the last quarter. Institutional investors own 22.86% of the company’s stock.
About Sharps Compliance Corp.
Sharps Compliance Corp. is a service provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions facilitate the proper collection, containment, transportation and treatment of numerous types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, and unused consumer dispensed medications and over-the-counter drugs.
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