Sharps Compliance (NASDAQ:SMED) issued its earnings results on Tuesday. The industrial products company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03, RTT News reports. Sharps Compliance had a return on equity of 3.90% and a net margin of 2.05%. The business had revenue of $14.57 million for the quarter, compared to the consensus estimate of $12.11 million. During the same period last year, the business posted $0.05 EPS.
Shares of SMED stock traded down $0.19 on Friday, reaching $4.35. The stock had a trading volume of 1,100 shares, compared to its average volume of 91,652. The stock has a market cap of $69.43 million, a P/E ratio of 72.60, a price-to-earnings-growth ratio of 2.73 and a beta of 0.23. Sharps Compliance has a 1 year low of $3.08 and a 1 year high of $5.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.66 and a current ratio of 1.99. The company has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.13.
SMED has been the topic of several recent analyst reports. Barrington Research reiterated a “buy” rating and set a $6.00 target price on shares of Sharps Compliance in a research note on Wednesday. ValuEngine upgraded Sharps Compliance from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Zacks Investment Research upgraded Sharps Compliance from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.00.
Sharps Compliance Company Profile
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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