Barrington Research Brokers Reduce Earnings Estimates for Sharps Compliance Corp. (SMED)

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Sharps Compliance Corp. (NASDAQ:SMED) – Stock analysts at Barrington Research lowered their Q4 2019 earnings estimates for shares of Sharps Compliance in a report issued on Thursday, January 24th, Zacks Investment Research reports. Barrington Research analyst K. Steinke now anticipates that the industrial products company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.03. Barrington Research currently has a “Buy” rating and a $5.00 price target on the stock.

Separately, Zacks Investment Research upgraded Sharps Compliance from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 7th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.33.

Shares of Sharps Compliance stock opened at $3.81 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.63 and a debt-to-equity ratio of 0.05. The company has a market cap of $61.66 million, a P/E ratio of -95.25, a price-to-earnings-growth ratio of 3.53 and a beta of 0.21. Sharps Compliance has a 52 week low of $2.97 and a 52 week high of $5.15.

Sharps Compliance (NASDAQ:SMED) last released its quarterly earnings data on Wednesday, January 23rd. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $12.39 million during the quarter, compared to analyst estimates of $11.40 million. Sharps Compliance had a negative return on equity of 0.21% and a negative net margin of 0.13%. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quantum Capital Management raised its holdings in Sharps Compliance by 7.2% in the fourth quarter. Quantum Capital Management now owns 519,346 shares of the industrial products company’s stock worth $1,792,000 after purchasing an additional 34,890 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in Sharps Compliance by 492.9% in the third quarter. Ingalls & Snyder LLC now owns 351,268 shares of the industrial products company’s stock worth $1,212,000 after purchasing an additional 292,018 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Sharps Compliance by 16.0% in the third quarter. Wells Fargo & Company MN now owns 321,500 shares of the industrial products company’s stock worth $1,109,000 after purchasing an additional 44,400 shares in the last quarter. North Star Investment Management Corp. raised its holdings in Sharps Compliance by 10.0% in the third quarter. North Star Investment Management Corp. now owns 260,425 shares of the industrial products company’s stock worth $898,000 after purchasing an additional 23,775 shares in the last quarter. Finally, Lapides Asset Management LLC raised its holdings in Sharps Compliance by 24.8% in the third quarter. Lapides Asset Management LLC now owns 163,200 shares of the industrial products company’s stock worth $563,000 after purchasing an additional 32,400 shares in the last quarter. Institutional investors and hedge funds own 20.90% of the company’s stock.

About Sharps Compliance

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States. It offers Sharps Recovery System for the containment, transportation, treatment, and tracking of medical waste and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web-based compliance and training program.

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

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