Sparton Corp. (SPA) Releases Quarterly Earnings Results
Sparton Corp. (NYSE:SPA) issued its quarterly earnings data on Tuesday. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.32 by $0.18. The company earned $107.10 million during the quarter, compared to analysts’ expectations of $102.34 million.
Several analysts have recently commented on the company. B. Riley reissued a “neutral” rating and issued a $15.00 price objective on shares of Sparton Corp. in a research note on Friday. Zacks Investment Research downgraded Sparton Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.
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Sparton Corp. (NYSE:SPA) traded down 1.55% during trading on Tuesday, hitting $22.85. The stock had a trading volume of 42,639 shares. The stock’s 50-day moving average price is $22.11 and its 200-day moving average price is $19.65. Sparton Corp. has a 1-year low of $11.19 and a 1-year high of $25.60. The company has a market capitalization of $223.68 million and a P/E ratio of 25.59.
Sparton Corporation, through its subsidiaries, provides design, development and manufacturing services for complex electromechanical devices, as well as sophisticated engineered products. The Company operates in two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).
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