William Blair Comments on Sharps Compliance Corp’s Q1 2018 Earnings (SMED)

Sharps Compliance Corp (NASDAQ:SMED) – Equities researchers at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Sharps Compliance Corp in a note issued to investors on Thursday. William Blair analyst R. Daniels anticipates that the industrial products company will earn $0.02 per share for the quarter. William Blair also issued estimates for Sharps Compliance Corp’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.06 EPS and FY2019 earnings at $0.18 EPS.

Several other analysts also recently issued reports on SMED. Zacks Investment Research raised Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised Sharps Compliance Corp from a “sell” rating to a “hold” rating in a report on Friday.

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Sharps Compliance Corp (NASDAQ:SMED) traded down 1.82% on Friday, hitting $5.40. The stock had a trading volume of 19,832 shares. Sharps Compliance Corp has a 12-month low of $3.32 and a 12-month high of $5.71. The company’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.45. The company’s market cap is $86.43 million.

Sharps Compliance Corp (NASDAQ:SMED) last released its earnings results on Thursday, August 10th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $10.36 million during the quarter, compared to analyst estimates of $10.51 million. Sharps Compliance Corp had a negative net margin of 4.47% and a negative return on equity of 3.66%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS.

Hedge funds have recently made changes to their positions in the company. Mesirow Financial Investment Management Equity Management increased its stake in shares of Sharps Compliance Corp by 32.5% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 57,013 shares of the industrial products company’s stock valued at $272,000 after buying an additional 13,972 shares during the period. Goodman Financial Corp increased its stake in shares of Sharps Compliance Corp by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock valued at $4,417,000 after buying an additional 44,506 shares during the period. Cadence Capital Management LLC increased its stake in shares of Sharps Compliance Corp by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock valued at $802,000 after buying an additional 6,710 shares during the period. Lapides Asset Management LLC increased its stake in shares of Sharps Compliance Corp by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock valued at $803,000 after buying an additional 26,400 shares during the period. Finally, North Star Investment Management Corp. increased its stake in shares of Sharps Compliance Corp by 98.5% in the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock valued at $818,000 after buying an additional 95,922 shares during the period. 26.14% of the stock is currently owned by institutional investors and hedge funds.

Sharps Compliance Corp Company Profile

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.

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

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