Sparton Corporation (SPA) Announces Earnings Results, Beats Estimates By $0.14 EPS
Sparton Corporation (NYSE:SPA) released its quarterly earnings results on Thursday. The electronics maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14, Bloomberg Earnings reports. Sparton Corporation had a positive return on equity of 12.79% and a negative net margin of 10.61%. The company had revenue of $104.39 million during the quarter.
Shares of Sparton Corporation (SPA) traded up 0.09% during trading on Friday, hitting $23.14. The company’s stock had a trading volume of 21,072 shares. The company has a 50-day moving average price of $23.13 and a 200-day moving average price of $21.40. The stock’s market cap is $227.56 million. Sparton Corporation has a one year low of $16.83 and a one year high of $26.43.
An institutional investor recently raised its position in Sparton Corporation stock. The Manufacturers Life Insurance Company grew its stake in shares of Sparton Corporation (NYSE:SPA) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,355 shares of the electronics maker’s stock after acquiring an additional 1,080 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Sparton Corporation worth $183,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.91% of the company’s stock.
Separately, TheStreet raised Sparton Corporation from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th.
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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