Spark Power Group Inc. (TSE:SPG) – Analysts at Raymond James cut their Q3 2021 earnings per share (EPS) estimates for Spark Power Group in a note issued to investors on Wednesday, May 19th. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.08. Raymond James currently has a “Market Perform” rating and a $2.25 target price on the stock. Raymond James also issued estimates for Spark Power Group’s Q4 2021 earnings at $0.04 EPS and FY2022 earnings at $0.13 EPS.
Spark Power Group (TSE:SPG) last announced its quarterly earnings data on Tuesday, March 30th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.11). The firm had revenue of C$66.87 million during the quarter.
Other equities analysts also recently issued reports about the stock. Canaccord Genuity lowered their target price on shares of Spark Power Group from C$3.25 to C$3.00 and set a “buy” rating on the stock in a research report on Wednesday. Desjardins increased their target price on shares of Spark Power Group from C$1.75 to C$2.25 and gave the stock a “hold” rating in a research report on Monday, April 5th.
TSE SPG opened at C$1.60 on Friday. Spark Power Group has a 1-year low of C$1.01 and a 1-year high of C$2.89. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 321.36. The company has a market capitalization of C$85.84 million and a PE ratio of -51.61. The firm’s fifty day simple moving average is C$1.67 and its 200-day simple moving average is C$1.76.
About Spark Power Group
Spark Power Group Inc provides electrical power services and solutions in North America. The company operates through Technical Services, Renewables, and Sustainability Solutions segments. The Technical Services segment offers low-voltage technical services, including electrical contracting, custom control panel design and assembly, industrial automation, electronic repair, systems integration, and 24/7 emergency services; and medium and high voltage technical services, such as power Â’on', equipment installation, sub-station construction and maintenance, commissioning, power line construction and maintenance, thermography, and transformer maintenance services.
Further Reading: Cost of Debt