Sparton Corporation (SPA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Sparton Corporation (NYSE:SPA) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokers have set a one year consensus target price of $24.00 for the company and are expecting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Sparton Corporation an industry rank of 112 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on the company. TheStreet downgraded Sparton Corporation from a “c-” rating to a “d+” rating in a research report on Tuesday, May 30th. Zacks Investment Research downgraded Sparton Corporation from a “hold” rating to a “sell” rating in a research report on Friday, May 12th.
Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in Sparton Corporation by 4.4% in the first quarter. Acrospire Investment Management LLC now owns 4,745 shares of the electronics maker’s stock valued at $100,000 after buying an additional 202 shares during the last quarter. American International Group Inc. increased its position in Sparton Corporation by 6.9% in the first quarter. American International Group Inc. now owns 5,762 shares of the electronics maker’s stock valued at $121,000 after buying an additional 373 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Sparton Corporation during the first quarter valued at $127,000. Engine Capital Management LLC increased its position in Sparton Corporation by 4,104.5% in the first quarter. Engine Capital Management LLC now owns 6,517 shares of the electronics maker’s stock valued at $137,000 after buying an additional 6,362 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Sparton Corporation during the first quarter valued at $204,000. 66.36% of the stock is owned by institutional investors.
Shares of Sparton Corporation (NYSE SPA) traded up 24.10% during mid-day trading on Monday, reaching $22.76. The company had a trading volume of 717,284 shares. The company’s market capitalization is $223.82 million. The stock’s 50-day moving average price is $18.45 and its 200 day moving average price is $21.46. Sparton Corporation has a 1-year low of $16.83 and a 1-year high of $26.43.
Sparton Corporation (NYSE:SPA) last released its quarterly earnings data on Tuesday, May 9th. The electronics maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.06. Sparton Corporation had a negative net margin of 10.61% and a positive return on equity of 12.79%. The firm had revenue of $95.41 million during the quarter, compared to analysts’ expectations of $100.90 million. During the same period in the previous year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts expect that Sparton Corporation will post $0.76 EPS for the current year.
Sparton Corporation Company Profile
Sparton Corporation is a provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. The Company operates through two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).
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