Sparton Corp. (NYSE:SPA) – Investment analysts at B. Riley cut their Q2 2017 earnings per share (EPS) estimates for shares of Sparton Corp. in a research note issued on Thursday. B. Riley analyst H. Francois now anticipates that the firm will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.40. B. Riley currently has a “Neutral” rating and a $20.00 target price on the stock. B. Riley also issued estimates for Sparton Corp.’s Q3 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.20 EPS, Q1 2018 earnings at $0.33 EPS and Q2 2018 earnings at $0.36 EPS.

Sparton Corp. (NYSE:SPA) last posted its earnings results on Tuesday, November 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.11. The business had revenue of $100.40 million for the quarter, compared to analyst estimates of $100.62 million. Sparton Corp. had a positive return on equity of 12.77% and a negative net margin of 9.82%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share.

Earnings History and Estimates for Sparton Corp. (NYSE:SPA)

Several other research firms have also commented on SPA. CJS Securities lowered Sparton Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research report on Tuesday, September 20th. Zacks Investment Research downgraded shares of Sparton Corp. from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.00.

Sparton Corp. (NYSE:SPA) opened at 23.48 on Monday. The company’s 50 day moving average price is $24.59 and its 200-day moving average price is $22.30. The firm’s market capitalization is $229.92 million. Sparton Corp. has a 12-month low of $11.19 and a 12-month high of $26.43.

Hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its stake in shares of Sparton Corp. by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 43,638 shares of the company’s stock valued at $950,000 after buying an additional 300 shares during the last quarter. ZPR Investment Management purchased a new stake in shares of Sparton Corp. during the first quarter valued at about $763,000. Emerald Acquisition Ltd. purchased a new stake in shares of Sparton Corp. during the second quarter valued at about $986,000. Beddow Capital Management Inc. increased its stake in shares of Sparton Corp. by 10.2% in the first quarter. Beddow Capital Management Inc. now owns 628,715 shares of the company’s stock valued at $11,311,000 after buying an additional 58,135 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Sparton Corp. by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 42,085 shares of the company’s stock valued at $916,000 after buying an additional 1,086 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

About Sparton Corp.

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).

5 Day Chart for NYSE:SPA

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