Sharps Compliance (NASDAQ:SMED) Issues Quarterly Earnings Results

Sharps Compliance (NASDAQ:SMED – Get Rating) announced its earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05), MarketWatch Earnings reports. Sharps Compliance had a net margin of 15.91% and a return on equity of 19.50%. During the same period last year, the company earned $0.40 EPS.

Shares of Sharps Compliance stock traded up $0.06 on Thursday, reaching $4.00. 265,518 shares of the stock were exchanged, compared to its average volume of 130,573. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.40 and a current ratio of 3.85. The firm has a market cap of $76.99 million and a PE ratio of 5.57. The firm’s 50 day moving average is $5.13 and its 200-day moving average is $6.42. Sharps Compliance has a one year low of $3.82 and a one year high of $17.05.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Sharps Compliance from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. StockNews.com began coverage on shares of Sharps Compliance in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Roth Capital lowered Sharps Compliance from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $7.00 in a research report on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.83.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Sharps Compliance by 0.4% in the first quarter. BlackRock Inc. now owns 846,041 shares of the industrial products company’s stock worth $4,992,000 after buying an additional 3,259 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Sharps Compliance during the 1st quarter valued at about $79,000. Bank of New York Mellon Corp boosted its stake in shares of Sharps Compliance by 16.0% during the 1st quarter. Bank of New York Mellon Corp now owns 146,849 shares of the industrial products company’s stock valued at $866,000 after buying an additional 20,260 shares during the last quarter. Norges Bank acquired a new position in shares of Sharps Compliance during the fourth quarter valued at $876,000. Finally, Barclays PLC boosted its position in Sharps Compliance by 57.4% during the 4th quarter. Barclays PLC now owns 45,353 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 16,534 shares during the period. Institutional investors and hedge funds own 56.06% of the company’s stock.

Sharps Compliance Company Profile (Get Rating)

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 generated outside the hospital and health care facility settings; TakeAway Recovery System to treat used needles, syringes, and other used healthcare products; Route-Based Pickup Service, a medical and hazardous waste pick-up services; and MedSafe, a solution for the safe collection, transportation, and disposal of unwanted and expired ultimate-user medications.

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