Research Analysts Issue Forecasts for Spark Power Group Inc.’s FY2020 Earnings (TSE:SPG)

Spark Power Group Inc. (TSE:SPG) – Stock analysts at Raymond James upped their FY2020 earnings per share (EPS) estimates for Spark Power Group in a research note issued on Thursday, November 14th. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $0.20 for the year, up from their prior forecast of $0.15. Raymond James currently has a “Outperform” rating and a $2.50 price target on the stock.

Spark Power Group (TSE:SPG) last issued its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.03). The firm had revenue of C$44.27 million for the quarter, compared to analyst estimates of C$39.80 million.

A number of other brokerages have also issued reports on SPG. Canaccord Genuity lowered shares of Spark Power Group from a “buy” rating to a “speculative buy” rating and cut their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, September 11th. Cormark cut their target price on shares of Spark Power Group from C$3.00 to C$2.25 in a research note on Thursday, August 22nd.

Shares of Spark Power Group stock traded down C$0.01 during trading on Friday, reaching C$1.35. The company had a trading volume of 21,899 shares, compared to its average volume of 15,603. The firm has a market capitalization of $44.19 million and a P/E ratio of -2.23. The firm’s fifty day simple moving average is C$1.04. The company has a debt-to-equity ratio of 356.78, a quick ratio of 0.90 and a current ratio of 1.06. Spark Power Group has a fifty-two week low of C$0.90 and a fifty-two week high of C$2.79.

Spark Power Group Company Profile

Spark Power Group Inc provides electrical power services and solutions primarily in North America. The company operates through three divisions: Technical Services; Power Equipment; and Power Advisory and Sustainability. The company offers technical services, such as construction, repair, replacement, maintenance, testing, and commissioning of electrical assets.

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Earnings History and Estimates for Spark Power Group (TSE:SPG)

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