Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Recently, Zacks.com users have been paying close attention to SPAR Group (SGRP). This makes it worthwhile to examine what the stock has in store.
SPAR Group (SGRP) possesses solid growth attributes, which could help it handily outperform the market.
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Zacks.com users have recently been watching SPAR Group (SGRP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SPAR Group (SGRP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SPAR Group (SGRP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SPAR Group (SGRP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SPAR Group, Inc. (NASDAQ:SGRP – Free Report) – Equities researchers at Litchfield Hills Research reduced their Q2 2024 earnings per share estimates for shares of SPAR Group in a note issued to investors on Thursday, May 16th. Litchfield Hills Research analyst T. O’neill now expects that the business services provider will post earnings of $0.00 per share for the quarter, down from their previous forecast 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:SGRP – Get Free Report) last announced its earnings results on Monday, April 1st. The business services provider reported $0.11 earnings per share for the quarter. SPAR Group had a return on equity of 13.08% and a net margin of 3.62%. The firm had revenue of $65.10 million for the quarter, compared to the consensus estimate of $65.00 million. SPAR Group Stock Up 9.1 % SPAR Group stock opened at $1.91 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.69. The business’s 50-day simple moving average is $1.51 and its two-hundred day simple moving average is $1.19. The company has a market cap of $46.47 million, a PE ratio of 4.66 and a beta of 0.41. SPAR Group has a fifty-two week low of $0.70 and a fifty-two week high of $2.04. Insider Buying and Selling at SPAR Group In other SPAR Group news, Director Williams H. Bartels sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1.80, for a total transaction of $1,800,000.00. Following the sale, the director now owns 4,709,837 shares in the company, valued at approximately $8,477,706.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other SPAR Group news, Director Williams H. Bartels sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1.80, for a total transaction of $1,800,000.00. Following the sale, the director now owns 4,709,837 shares in the company, valued at approximately $8,477,706.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Spar Business Services Inc sold 150,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1.38, for a total value of $207,000.00. Following the sale, the insider now owns 1,065,538 shares in the company, valued at approximately $1,470,442.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,200,943 shares of company stock worth $2,075,466. 59.66% of the stock is currently owned by insiders. About SPAR Group (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.