Sharps Compliance Corp. (NASDAQ:SMED) – Analysts at Barrington Research issued their Q1 2017 EPS estimates for Sharps Compliance Corp. in a research note issued to investors on Friday. Barrington Research analyst K. Steinke anticipates that the brokerage will earn ($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.
Sharps Compliance Corp. (NASDAQ:SMED) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.04. The business 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 company earned $0.08 EPS.
Several other brokerages have also recently issued reports on SMED. First Analysis cut Sharps Compliance Corp. from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $9.00 to $6.00 in a report on Friday, August 12th. Zacks Investment Research raised 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 assigned a hold rating and four have issued a buy rating to the company’s stock. Sharps Compliance Corp. has an average rating of “Buy” and an average price target of $7.50.
Sharps Compliance Corp. (NASDAQ:SMED) opened at 4.27 on Monday. The firm’s 50-day moving average price is $4.49 and its 200-day moving average price is $4.80. The company has a market cap of $67.90 million, a price-to-earnings ratio of 4270.00 and a beta of 0.40. Sharps Compliance Corp. has a 52-week low of $4.09 and a 52-week high of $10.30.
Large investors have recently modified their holdings of the company. Oxford Asset Management boosted its stake in shares of Sharps Compliance Corp. by 210.3% in the second quarter. Oxford Asset Management now owns 33,853 shares of the company’s stock valued at $149,000 after buying an additional 22,943 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in shares of Sharps Compliance Corp. during the second quarter valued at $318,000. Anderson Hoagland & Co. boosted its stake in shares of Sharps Compliance Corp. by 171.1% in the second quarter. Anderson Hoagland & Co. now owns 84,610 shares of the company’s stock valued at $371,000 after buying an additional 53,404 shares during the last quarter. Ranger Investment Management L.P. boosted its stake in shares of 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 valued at $1,181,000 after buying an additional 56,060 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its stake 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. 22.86% of the stock is currently owned by institutional investors.
Sharps Compliance Corp. Company Profile
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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