Sparton Corporation (SPA) Releases Earnings Results, Beats Expectations By $0.14 EPS

Sparton Corporation (NYSE:SPA) released its earnings results on Thursday. The electronics maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14, Bloomberg Earnings reports. Sparton Corporation had a return on equity of 11.27% and a net margin of 0.33%. The firm had revenue of $104.39 million for the quarter.

Shares of Sparton Corporation (SPA) opened at 23.12 on Friday. The stock has a 50 day moving average price of $23.14 and a 200-day moving average price of $21.39. The stock’s market capitalization is $227.36 million. Sparton Corporation has a 1-year low of $16.83 and a 1-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 Sparton Corporation (NYSE:SPA) by 14.8% during the second quarter, according to 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 quarter. The Manufacturers Life Insurance Company owned about 0.08% of Sparton Corporation worth $183,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

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Separately, TheStreet raised Sparton Corporation from a “d+” rating to a “c-” rating in a research note 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).

Earnings History for Sparton Corporation (NYSE:SPA)

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