SPAR Group (NASDAQ:SGRP) Announces Quarterly Earnings Results

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

SPAR Group Price Performance

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

Insider Activity at SPAR Group

In other SPAR Group news, President William Linnane acquired 173,000 shares of the stock in a transaction dated Friday, October 3rd. The stock was purchased at an average cost of $1.02 per share, with a total value of $176,460.00. Following the transaction, the president owned 190,909 shares in the company, valued at approximately $194,727.18. The trade was a 965.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 50.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.