Sparton Corporation (NYSE:SPA) Given Daily Media Impact Score of 0.26
News coverage about Sparton Corporation (NYSE:SPA) has been trending positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sparton Corporation earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 25 out of 100, meaning that recent news coverage is very unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Military specialist Ultra Electronics buys JV partner Sparton (electronicsweekly.com)
- Sparton Corporation : Agrees to be Acquired by Ultra Electronics Holdings plc (4-traders.com)
- SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Sparton Corporation And Encourages Investors To Contact The Firm For Additional Information (finance.yahoo.com)
- WEISSLAW LLP: Sparton Corporation Acquisition May Not Be in the Best Interests of SPA Shareholders (finance.yahoo.com)
- SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Sparton Corporation – SPA (finance.yahoo.com)
A number of research firms have weighed in on SPA. TheStreet downgraded shares of Sparton Corporation from a “c-” rating to a “d+” rating in a research note on Tuesday, May 30th. Zacks Investment Research downgraded shares of Sparton Corporation from a “hold” rating to a “sell” rating in a research note on Friday, May 12th.
Sparton Corporation (NYSE SPA) remained flat at $23.10 during midday trading on Friday. The company’s stock had a trading volume of 229,965 shares. Sparton Corporation has a one year low of $16.83 and a one year high of $26.43. The company has a 50 day moving average of $18.53 and a 200 day moving average of $21.31. The stock’s market capitalization is $227.17 million.
Sparton Corporation (NYSE:SPA) last issued its quarterly earnings data on Tuesday, May 9th. The electronics maker reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. Sparton Corporation had a negative net margin of 10.61% and a positive return on equity of 12.79%. The firm had revenue of $95.41 million during the quarter, compared to analyst estimates of $100.90 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts expect that Sparton Corporation will post $0.76 EPS for the current fiscal year.
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About Sparton Corporation
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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