Q2 2024 EPS Estimates for SPAR Group, Inc. (NASDAQ:SGRP) Lowered by Analyst

SPAR Group, Inc. (NASDAQ:SGRPFree Report) – Equities researchers at Litchfield Hills Research cut their Q2 2024 earnings estimates for shares of SPAR Group in a research report issued on Thursday, May 16th. Litchfield Hills Research analyst T. O’neill now expects that the business services provider will earn $0.00 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for SPAR Group’s current full-year earnings is $0.09 per share. Litchfield Hills Research also issued estimates for SPAR Group’s Q3 2024 earnings at $0.02 EPS and FY2024 earnings at $0.09 EPS.

SPAR Group (NASDAQ:SGRPGet Free Report) last issued its quarterly earnings data on Monday, April 1st. The business services provider reported $0.11 EPS for the quarter. SPAR Group had a return on equity of 13.08% and a net margin of 3.62%. The company had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $65.00 million.

SPAR Group Stock Performance

SPAR Group stock opened at $2.20 on Monday. The firm has a market capitalization of $53.53 million, a PE ratio of 5.37 and a beta of 0.41. SPAR Group has a one year low of $0.70 and a one year high of $2.45. The stock’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 1.69.

Insider Activity

In other news, Director Williams H. Bartels sold 1,000,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1.80, for a total value of $1,800,000.00. Following the completion of the transaction, the director now directly owns 4,709,837 shares in the company, valued at $8,477,706.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SPAR Group news, insider Spar Business Services Inc sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.38, for a total value of $207,000.00. Following the transaction, the insider now directly owns 1,065,538 shares of the company’s stock, valued at approximately $1,470,442.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Williams H. Bartels sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1.80, for a total value of $1,800,000.00. Following the transaction, the director now owns 4,709,837 shares of the company’s stock, valued at $8,477,706.60. The disclosure for this sale can be found here. Insiders have sold 1,200,943 shares of company stock worth $2,075,466 over the last 90 days. Company insiders own 59.66% of the company’s stock.

SPAR Group Company Profile

(Get Free Report)

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.

Recommended Stories

Earnings History and Estimates for SPAR Group (NASDAQ:SGRP)

Receive News & Ratings for SPAR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPAR Group and related companies with MarketBeat.com's FREE daily email newsletter.