FY2016 Earnings Forecast for Sharps Compliance Corp. (SMED) Issued By First Analysis

12/30/2015 13:470 commentsViews:

Sharps Compliance Corp. (NASDAQ:SMED) – Analysts at First Analysis lifted their FY2016 earnings per share (EPS) estimates for Sharps Compliance Corp. in a note issued to investors on Friday, according to Zacks Investment Research. First Analysis analyst now expects that the brokerage will earn $0.25 per share for the year, up from their prior forecast of $0.24. The consensus estimate for Sharps Compliance Corp.’s FY2016 earnings is $0.20 per share. First Analysis also issued estimates for Sharps Compliance Corp.’s FY2017 earnings at $0.48 EPS.

A number of other research analysts have also recently commented on SMED. TheStreet raised Sharps Compliance Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, December 2nd. Zacks Investment Research upgraded Sharps Compliance Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, December 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Sharps Compliance Corp. from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.00.

Sharps Compliance Corp. (NASDAQ:SMED) opened at 8.82 on Monday. The stock’s 50 day moving average is $8.40 and its 200-day moving average is $7.74. Sharps Compliance Corp. has a one year low of $4.25 and a one year high of $10.49. The firm has a market capitalization of $136.60 million and a PE ratio of 105.00.

Sharps Compliance Corp. (NASDAQ:SMED) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $7.90 million for the quarter, compared to analysts’ expectations of $8.86 million. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year.

12 Month Chart for NASDAQ:SMED
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. The Company serves customers in multiple markets, such as home health care, retail clinics and immunizing pharmacies, pharmaceutical manufacturers, professional offices, assisted living and long-term care, Government, consumers, commercial and agriculture, as well as distributors to markets. The Company’s solutions include Sharps Recovery System, TakeAway Environmental Return System, ComplianceTRAC, Route-Based Pick-Up Service, Universal Waste Shipback Systems and other solutions.

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