Brokerages expect Spartan Motors Inc (NASDAQ:SPAR) to report earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Spartan Motors’ earnings, with estimates ranging from $0.08 to $0.09. Spartan Motors reported earnings per share of $0.04 during the same quarter last year, which would indicate a positive year over year growth rate of 125%. The firm is expected to issue its next earnings results on Thursday, February 22nd.
On average, analysts expect that Spartan Motors will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.41. For the next fiscal year, analysts anticipate that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.53 to $0.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Spartan Motors.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). The business had revenue of $189.22 million during the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a net margin of 2.15% and a return on equity of 8.04%. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS.
A number of research firms have recently weighed in on SPAR. BidaskClub downgraded Spartan Motors from a “hold” rating to a “sell” rating in a research report on Thursday. Roth Capital boosted their target price on Spartan Motors from $12.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. TheStreet upgraded Spartan Motors from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Friday, October 20th. Finally, ValuEngine cut Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.00.
Spartan Motors (NASDAQ:SPAR) traded up $0.30 during mid-day trading on Friday, hitting $14.85. The stock had a trading volume of 217,000 shares, compared to its average volume of 286,500. The company has a market capitalization of $521.28, a P/E ratio of 36.22, a P/E/G ratio of 1.92 and a beta of 1.21. Spartan Motors has a 12 month low of $6.30 and a 12 month high of $18.10. The company has a current ratio of 1.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a dividend yield of 0.65%. Spartan Motors’s dividend payout ratio (DPR) is presently 24.39%.
In related news, insider John W. Slawson sold 21,191 shares of Spartan Motors stock in a transaction on Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the completion of the sale, the insider now directly owns 111,165 shares of the company’s stock, valued at $1,714,164.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.72% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Spartan Motors by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,954,902 shares of the company’s stock valued at $32,652,000 after acquiring an additional 27,604 shares during the period. Vanguard Group Inc. boosted its position in shares of Spartan Motors by 5.6% during the second quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock worth $12,942,000 after buying an additional 77,653 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Spartan Motors by 4.7% during the third quarter. Segall Bryant & Hamill LLC now owns 1,030,612 shares of the company’s stock worth $11,388,000 after buying an additional 46,312 shares during the period. Kennedy Capital Management Inc. boosted its position in shares of Spartan Motors by 215.1% during the second quarter. Kennedy Capital Management Inc. now owns 558,231 shares of the company’s stock worth $4,940,000 after buying an additional 381,045 shares during the period. Finally, State Street Corp boosted its position in shares of Spartan Motors by 11.6% during the second quarter. State Street Corp now owns 532,969 shares of the company’s stock worth $4,719,000 after buying an additional 55,350 shares during the period. 66.23% of the stock is owned by hedge funds and other institutional investors.
About Spartan Motors
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.
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