Sharps Compliance Corp. (NASDAQ:SMED) – Stock analysts at First Analysis dropped their Q2 2017 EPS estimates for shares of Sharps Compliance Corp. in a note issued to investors on Thursday. First Analysis analyst J. Munda now anticipates that the firm will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.08. First Analysis currently has a “Equal Weight” rating and a $6.00 target price on the stock. First Analysis also issued estimates for Sharps Compliance Corp.’s Q4 2017 earnings at $0.06 EPS and Q1 2018 earnings at ($0.02) EPS.

Sharps Compliance Corp. (NASDAQ:SMED) last announced its earnings results on Wednesday, October 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.03. The firm earned $9.50 million during the quarter, compared to analysts’ expectations of $9.52 million. Sharps Compliance Corp. had a negative return on equity of 1.48% and a negative net margin of 3.35%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share.

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

Separately, Zacks Investment Research cut Sharps Compliance Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.50.

Sharps Compliance Corp. (NASDAQ:SMED) opened at 4.22 on Monday. The stock’s market capitalization is $67.12 million. Sharps Compliance Corp. has a 12 month low of $3.32 and a 12 month high of $9.77. The firm has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.51.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMED. Northern Trust Corp raised its position in Sharps Compliance Corp. by 1.0% in the third quarter. Northern Trust Corp now owns 24,094 shares of the company’s stock valued at $106,000 after buying an additional 239 shares during the last quarter. Oxford Asset Management raised its position in 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. Mesirow Financial Investment Management Equity Management bought a new position in Sharps Compliance Corp. during the third quarter valued at approximately $278,000. Ingalls & Snyder LLC bought a new position in Sharps Compliance Corp. during the second quarter valued at approximately $318,000. Finally, 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 valued at $371,000 after buying an additional 53,404 shares during the last quarter. 24.86% of the stock is owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NASDAQ:SMED

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