SPAR Group (NASDAQ:SGRP) Posts Earnings Results, Misses Estimates By $0.13 EPS

SPAR Group (NASDAQ:SGRP) posted its earnings results on Thursday. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13), Zacks reports. SPAR Group had a negative net margin of 3.78% and a negative return on equity of 18.99%.

SPAR Group Stock Performance

SPAR Group stock traded down $0.09 during mid-day trading on Friday, hitting $0.95. The company had a trading volume of 139,988 shares, compared to its average volume of 83,162. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $1.08 and its 200-day moving average is $1.08. SPAR Group has a 12-month low of $0.91 and a 12-month high of $2.41. The company has a market capitalization of $22.53 million, a price-to-earnings ratio of 19.02 and a beta of 0.26.

Insider Buying and Selling

In other news, President William Linnane acquired 173,000 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were bought at an average cost of $1.02 per share, for a total transaction of $176,460.00. Following the acquisition, the president owned 190,909 shares in the company, valued at approximately $194,727.18. This represents a 965.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 50.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, SPAR Group has a consensus rating of “Sell”.

About SPAR Group

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.