Sharps Compliance Corp. (SMED) reported quarterly earnings results on Wednesday, Aug-10-2016. The company reported $0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.06. The company posted revenue of $8.90 million in the period, compared to analysts expectations of $9.44 million. The company’s revenue was down -1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on Sharps Compliance Corp.. Shares were Reiterated by Barrington Research on Jun 21, 2016 to “Outperform” and Lowered the Price Target to $ 6 from a previous price target of $9 .
Sharps Compliance Corp. opened for trading at $5.19 and hit $5.319 on the upside on Monday, eventually ending the session at $5.29, with a gain of 2.92% or 0.15 points. The heightened volatility saw the trading volume jump to 12,568 shares. Company has a market cap of $82 M.
In a different news, on Sep 14, 2015, Khairan M Aladwani (V. P. of Quality Control) sold 4,000 shares at $8.50 per share price. According to the SEC, on Sep 11, 2015, David P Tusa (CEO and President) sold 7,500 shares at $9.05 per share price. On Sep 10, 2015, Brandon Beaver (Senior Vice-President of Sales) sold 22,500 shares at $8.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Sharps Compliance Corp. is a service provider of waste management services including medical pharmaceutical and hazardous. The Companys 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 Companys solutions include Sharps Recovery System TakeAway Environmental Return System ComplianceTRAC Route-Based Pick-Up Service Universal Waste Shipback Systems and other solutions.