News stories about Sparton (NYSE:SPA) have trended somewhat positive this week, according to Alpha One Sentiment. Alpha One, a unit of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sparton earned a media sentiment score of 0.07 on Alpha One’s scale. Alpha One also assigned media stories about the electronics maker an impact score of 23 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the next few days.
Separately, Zacks Investment Research cut Sparton from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 14th.
Sparton (NYSE:SPA) traded down 3.54% during mid-day trading on Friday, hitting $21.82. The stock had a trading volume of 20,763 shares. The stock has a 50-day moving average price of $21.61 and a 200 day moving average price of $23.06. The firm’s market cap is $214.03 million. Sparton has a 12-month low of $18.36 and a 12-month high of $26.43.
Sparton (NYSE:SPA) last released its earnings results on Tuesday, February 7th. The electronics maker reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.14. The business earned $97.40 million during the quarter, compared to analysts’ expectations of $99.88 million. Sparton had a negative net margin of 10.26% and a positive return on equity of 12.56%. Sparton’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. Equities analysts anticipate that Sparton will post $1.00 EPS for the current fiscal year.
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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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