STOCKS TELEGRAPH

Tag: SGRP

  • Why SPAR Group Inc. (SGRP) stock is declining in Tuesday’s pre-market?

    SPAR Group Inc. (SGRP) shares plunged 6.79% in Tuesday’s pre-market and were trading at $2.06, as of this writing. On Monday, SGRP’s stock gained 27.75% and closed at $2.21. SGRP shares have risen 186.98% over the last 12 months, and they have moved up 54.55% in the past week. Over the past three months, the stock has gained 27.75%, while over the past six months, it has shed 72.66%. The company has a current market of $41.26 million and its outstanding shares stood at 21.19 million.

    Let’s see why it is facing negativity in the pre-market session on Tuesday?

    SGRP made new appointments

    On July 13, 2021, SPAR Group, Inc (SGRP) appointed Ron Lutz as Chief Global Commercial Officer, and William Linnane was appointed as Chief Strategy and Growth Officer, to further strengthen its executive team and support the company’s global expansion.

    Resignation of Three Independent SGRP Board Members

    On June 15, 2021, SPAR Group, Inc announced that Mr. Arthur H. Baer, Mr. Igor Novgorodtsev, and Mr. Jeffrey A. Mayer, have resigned from the Corporation’s Board of Directors, effective June 9, 2021.

    Recent SGRP financial results

    On May 13, 2021, SPAR Group, Inc (SGRP) released its financial results for its first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • SPAR Group reported consolidated net revenue of $61.1 million in Q1 2021 compared to $61.3 million in Q1 2020.
    • Gross Profit was $12.3 million and gross margin was 20.1% in Q1 2021 compared to $11.8 million gross profit and 19.2% gross margin in Q1 2019.
    • Selling, General, and Administrative expenses were $9.01 million in Q1 2021 compared to $9.7 million in Q1 2020.
    • Operating Income was $2.7 million in Q1 2021 compared to $1.5 million in the prior year’s first quarter.
    • Net Income attributable to SGRP was $0.9 million in Q1 2021, compared to $0.3 million during the prior year’s first quarter.
    • Earnings per share were $0.04 in Q1 2021 compared to $0.01 in the prior year’s quarter.

    Increasing Credit Facility

    On May 04, 2021, SPAR Group, Inc (SGRP)  increased and extended the terms of its current line of credit. The maximum amount of the line of credit increased by $2 million to $18 million and the length of the term was extended by 18 months to October 2023.

    Q4 and FY-2020 financial results announcement

    On March 31, 2021, SPAR Group, Inc released its financial results for its fourth quarter and fiscal year ended December 31, 2020.

     Q4 2020 financial highlights

    • For Q4 2020 consolidated net revenue was $59.4 million compared to $61.1 million in the prior year’s fourth quarter.
    • SGRP Gross Profit was $11.5 million with a gross margin of 19.4% in Q4 2020 compared to $12.0 million gross profit and gross margin of 19.7% in the prior year’s fourth quarter.
    • Operating Income was $2.9 million in Q4 2020 compared to $1.2 million in the prior year’s fourth quarter.
    • Net Income was $2.0 million in Q4 2020 when compared to a net loss of $(0.6) million in the prior year’s quarter.
    • Earnings per share were $0.10, compared to a net loss of $0.03 in the prior year’s quarter.

    Conclusion

    Well, as of this writing, there is no recent news that could justify SGRP negative start on Tuesday. We hope that it will perform well in the remaining trading sessions.

  • Why SPAR Group Inc. (SGRP) stock lost its positive momentum in Monday’s after-market?

    Why SPAR Group Inc. (SGRP) stock lost its positive momentum in Monday’s after-market?

    SPAR Group Inc. (SGRP) shares lost 3.29% in after-market on Monday, June 14, 2021, and closed the day at $1.47 per share. Earlier, SGRP’s stock gained 2.01% in Monday’s session. SGRP shares have risen 78.84% over the last 12 months, and they have moved up 1.33% in the past week. Over the past three months, the stock has lost 10.32%, while over the past six months, it has added 47.57%.

    Let’s discuss its news and developments.

    Recent financial results

    On May 13, 2021, SPAR Group, Inc released its financial results for its first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • SPAR Group reported consolidated net revenue of $61.1 million in Q1 2021 compared to $61.3 million in Q1 2020.
    • Gross Profit was $12.3 million and gross margin was 20.1% in Q1 2021 compared to $11.8 million gross profit and 19.2% gross margin in Q1 2019.
    • Selling, General, and Administrative expenses were $9.01 million in Q1 2021 compared to $9.7 million in Q1 2020.
    • Operating Income was $2.7 million in Q1 2021 compared to $1.5 million in the prior year’s first quarter.
    • Net Income attributable to SPAR Group was $0.9 million in Q1 2021, compared to $0.3 million during the prior year’s first quarter.
    • Earnings per share were $0.04 in Q1 2021 compared to $0.01 in the prior year’s quarter.

    Increasing Credit Facility

    On May 04, 2021, SPAR Group, Inc increased and extended the terms of its current line of credit. The maximum amount of the line of credit increased by $2 million to $18 million and the length of the term was extended by 18 months to October 2023.

    Q4 and FY-2020 financial results announcement

    On March 31, 2021, SPAR Group, Inc released its financial results for its fourth quarter and fiscal year ended December 31, 2020. 

    Q4 2020 financial highlights

     

    • For Q4 2020 consolidated net revenue was $59.4 million compared to $61.1 million in the prior year’s fourth quarter.
    • Gross Profit was $11.5 million with a gross margin of 19.4% in Q4 2020 compared to $12.0 million gross profit and gross margin of 19.7% in the prior year’s fourth quarter.
    • Operating Income was $2.9 million in Q4 2020 compared to $1.2 million in the prior year’s fourth quarter.
    • Net Income was $2.0 million in Q4 2020 when compared to a net loss of $(0.6) million in the prior year’s quarter.
    • Earnings per share were $0.10, compared to a net loss of $0.03 in the prior year’s quarter. 

    FY2020 financial highlights

    • Consolidated net revenue was $230.5 million in FY 2020 compared to $252.9 million in the prior year.
    • Gross Profit was $45.2 million with a gross margin of 19.6%, in FY 2020 compared to $49.3 million gross profit and gross margin of 19.6% the prior year.
    • Operating Income was $9.7 million in FY 2020 compared to $10.2 million in FY 2019.
    • Net Income attributable to SPAR Group was $3.4 million in FY 2020 compared to $2.4 million in FY 2019.
    • Earnings per diluted share were$0.16 per share for FY 2020 compared to $0.11 per share in the prior year.

    Conclusion

    The SGRP lost in the after-market is a bit strange because there is no recent news as of this writing. We hope that SGRP stock will recover its loss on Tuesday.

  • SPAR Group Inc. (SGRP) stock plunged in the pre-market trading session: here’s why

    SPAR Group Inc. (SGRP) stock plunged in the pre-market trading session: here’s why

    Recently in the premarket trading session, SGRP stock plunged by -11.95% to the price $1.4. SGRP stock decreased by -1.24% as it closed at $1.59 for the last trading session. Shares of SPAR Group Inc. had oscillated between $1.50 and $1.63 throughout the day.

    The volume of shares that remained was 0.17 million which is less than the average daily volume of 0.38 million for the past 50 days. In the past 1 year, the company’s stock rose by triple digit percentage of 104.45% and gained 101.78% in the last 6 months.  The average 3 month volume is 343.68k; over the last three months SGRP stock gained 38.26%. Furthermore, the stock has a current market of $33.60 million and its outstanding shares stood at 21.11 million.

    The recent negative pattern of trading of SGRP stock in the pre-market came along with no recent news this month. However at the end of the month of March, the SGRP reported the financial results of the Q4 and full-year 2020.

    Insights on the SPAR group background

    SPAR Group is a merchandising company as well as a marketing company that is globally renowned. The company provides a vast range of product offerings and services. Its clients are usually retailers, manufacturers and distributors across the globe. The company has under-its-belt, 40 years of experience. The number of merchandising specialists that the company has around the world is 20,000. While the average footfall of the store visits consist of 200,000+ daily visits.

    Fourth-Quarter and Full Year Financial Report 2020

    The company announced the full financial year report on 31st March 2020.

    Here are what the highlights about the Fourth quarter say.

    • The net revenue was $59.4 million for Q4 2020, while it was $61.1 million in the Q4 2019;
    • Domestic net revenue had increased by 11.9% while international net revenue had decreased
    • Gross profit was $11.5 million for Q4 2020 while it was $12 million in the Q4 2019
    • Operating income improved 148% to $2.9 million for Q4 2020 while it was $1.2 million for Q4 2019
    • The Earnings Per Share had increased by 425%

    Here are the Full Year Results of the SGRP stock

    • Consolidated net revenue was $230.5 million for Q4 2020 compared to $252.9 million for Q4 2019
    • Gross Profit decreased to $45.2 million for Q4 2020 compared to $49.3 million for Q4 2019
    • Operating income decreased to $9.7 million for Q4 2020 compared to $10.2 million for Q4 2019
    • Net EPS increased by $0.04 per share to $0.16 per share for Q4 2020.

    SPAR Group Outlook

    SPAR Group has not released or issued any revenue or earnings guidance with the financial year 2020 report. This non-issue of guidance is now common in companies because of the Coivd-19 pandemic’s volatility and unpredictability which can also have an effect on the company’s economic and macroeconomics factors. SGRP plans to focus towards growth and stability for its operational and stock performance.

  • These 10 Specialty Business Services Industry Stocks Need Your Attention

    These 10 Specialty Business Services Industry Stocks Need Your Attention

    Specialty Business Services Industry includes the consultants, companies, and firms that offer specialty business services. The companies involved in this industry are providing services such as warehousing, information distribution, printing, graphic design, billing and payroll, digital imaging, human resources, and other miscellaneous services. Often, businesses turn towards the specialty business services companies when they are unable to handle the processes in-house.

    Furthermore, these companies are also providing services such as technical writing and editing, and graphics, etc. The industry is continuously striving to meet the client’s expectations and provide them frictionless experience. Specialty business services may also support companies that are downsizing or mechanizing certain processes, or who are outsourcing certain capabilities overseas.

    Here are the top 10 leading companies in the specialty business services industry:

    Document Security Systems Inc. (AMEX: DSS)

    Document Security Systems Inc. (AMEX: DSS) shares were trading up 68.81% at $6.82 at the time of writing on Monday. Document Security Systems Inc. (AMEX: DSS) share price went from a low point around $3.67 to briefly over $15.60 in the past 52 weeks, though shares have since pulled back to $6.82. DSS market cap has remained high, hitting $36.49M at the time of writing, giving it a price-to-sales ratio of more than 2. Document Security Systems Inc. (DSS) has announced its 2020 third-quarter financial results on Monday. It has earlier acquired Impact BioMedica.

    Eastman Kodak Company (NYSE: KODK)

    Eastman Kodak Company (NYSE: KODK) last closed at $7.88, in a 52-week range of $1.50 to $60.00. The Klein Law Firm revealed that a class action complaint has been filed on behalf of shareholders of Eastman Kodak Company (KODK) stating that the Company violated federal securities laws.

    Global Payments Inc. (NYSE: GPN)

    Global Payments Inc. (NYSE: GPN) stock drop by -4.63% to $168.80. The most recent rating by Loop Capital, on September 22, 2020, is at a Buy. Global Payments Inc. (GPN) has announced that it is scheduled to release third quarter 2020 financial results before the market opens on Thursday, October 29, 2020. Global Payments Inc. (GPN)  market cap has remained high, hitting $50.21 Billion at the time of writing.

    Copart Inc. (NASDAQ: CPRT)

    Copart Inc. (NASDAQ: CPRT) shares headed falling, lower as much as -2.02%. The most recent rating by Northcoast, on August 19, 2020, is at a Neutral. Copart Inc. (CPRT) has earlier announced the appointment of three new members to its senior executive leadership team: Chief Operating Officer Steve Powers, Chief Marketing and Product Officer Scott Booker, and Chief Financial Officer John North.

    ABM Industries Incorporated (NYSE: ABM)

    ABM Industries Incorporated (NYSE: ABM) rose 0.64% after gaining more than $0.23 on Monday. ABM Industries Incorporated (ABM) has named Earl Ellis as the Company’s Executive Vice President and Chief Financial Officer, effective November 30, reporting directly to President and Chief Executive Officer, Scott Salmirs.

    IAA Inc. (NYSE: IAA)

    IAA Inc. (NYSE: IAA) last closed at $55.97, in a 52-week range of $21.79 to $59.30. Analysts have a consensus price target of $53.44. IAA Inc. (IAA) revealed the expansion of its Baltimore, Maryland, and Culpeper, Virginia branch locations. The additional acreage at these two locations will accommodate strong customer demand and increased inventory needs for the growing East Coast market.

    ARC Document Solutions Inc. (NYSE: ARC)

    ARC Document Solutions Inc. (NYSE: ARC) stock soar by 5.08% to $1.24. The most recent rating by B. Riley FBR, on November 08, 2018, is at a Buy. ARC Document Solutions Inc. (ARC) revealed its third-quarter expectations for significant quarterly increases in sales and earnings, and continuing strength in cash flow from operations.

    SPAR Group Inc. (NASDAQ: SGRP)

    SPAR Group Inc. (NASDAQ: SGRP) shares headed falling, lower as much as -6.25%. SPAR Group Inc. (SGRP) share price went from a low point around $0.55 to briefly over $1.38 in the past 52 weeks. It has moved up 36.36% from its 52-weeks low and moved down -45.65% from its 52-weeks high. SGRP market cap has remained high, hitting $16.13Million at the time of writing.

    Cintas Corporation (NASDAQ: CTAS)

    Cintas Corporation (NASDAQ: CTAS) fall -2.70% after losing more than -$9.14 on Monday. Cintas Corporation (CTAS) share has fluctuated between the 52-weeks low of $154.33 and a high range of $358.68. It has traded up 113.13% from its 52-weeks low and traded down -8.30% from its 52-weeks high. Cintas Corporation’s market cap has remained high, hitting $34.46 billion at the time of writing.

    Civeo Corporation (NYSE: CVEO)

    Civeo Corporation (NYSE: CVEO) last closed at $0.62, in a 52-week range of $0.34 to $1.54. Civeo Corporation (CVEO) has announced that it is scheduled to release its third-quarter 2020 results on October 28, 2020. It has moved up 82.95% from its 52-weeks low and moved down -59.58% from its 52-weeks high. CVEO market cap has remained high, hitting $108.29 Million at the time of writing.