Sparton Corporation Receives New Coverage from Analysts at Barrington Research (SPA)
Barrington Research initiated coverage on shares of Sparton Corporation (NYSE:SPA) in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm set a “market perform” rating on the stock.
Shares of Sparton Corporation (NYSE:SPA) traded down 0.19% during mid-day trading on Wednesday, hitting $26.75. 2,917 shares of the company’s stock traded hands. Sparton Corporation has a one year low of $12.19 and a one year high of $33.81. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $28.00. The company has a market cap of $262.4 million and a price-to-earnings ratio of 20.92.
Sparton Corporation (NYSE:SPA) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $84.60 million for the quarter, compared to the consensus estimate of $78.10 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Sparton Corporation’s revenue was up 25.7% compared to the same quarter last year. On average, analysts predict that Sparton Corporation will post $1.48 earnings per share for the current fiscal year.
Sparton Corporation (NYSE:SPA) provides electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service.
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