Sharps Compliance Corp. (NASDAQ:SMED) has been given an average rating of “Buy” by the six research firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.00.
Several equities research analysts have commented on the stock. Barrington Research dropped their price target on shares of Sharps Compliance Corp. from $9.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 21st. Zacks Investment Research upgraded shares of Sharps Compliance Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, First Analysis cut shares of Sharps Compliance Corp. from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $9.00 to $6.00 in a research report on Friday, August 12th.
Several large investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. raised its position in Sharps Compliance Corp. by 691.3% in the second quarter. Heartland Advisors Inc. now owns 340,510 shares of the company’s stock worth $1,495,000 after buying an additional 297,480 shares in the last quarter. Ingalls & Snyder LLC purchased a new position in Sharps Compliance Corp. during the second quarter worth approximately $318,000. Ranger Investment Management L.P. raised its position 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. raised its position 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 raised its position 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 and hedge funds own 22.83% of the company’s stock.
Sharps Compliance Corp. (NASDAQ:SMED) remained flat at $4.30 on Monday. 3,024 shares of the company’s stock were exchanged. The stock has a market capitalization of $68.37 million, a P/E ratio of 4300.00 and a beta of 0.40. Sharps Compliance Corp. has a 12 month low of $4.09 and a 12 month high of $10.30. The stock has a 50-day moving average of $4.45 and a 200-day moving average of $4.77.
Sharps Compliance Corp. (NASDAQ:SMED) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.04. The company earned $8.90 million during the quarter, compared to analyst estimates of $9 million. Sharps Compliance Corp. had a return on equity of 0.85% and a net margin of 0.04%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. On average, analysts forecast that Sharps Compliance Corp. will post $0.14 earnings per share for the current year.
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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