Spartan Motors, Inc. (NASDAQ:SPAR) issued its earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03), Bloomberg Earnings reports. The business had revenue of $189.22 million for the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Spartan Motors updated its FY17 guidance to $0.40-0.42 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, October 20th. Roth Capital raised their price target on Spartan Motors from $12.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Craig Hallum set a $20.00 price target on Spartan Motors and gave the company a “buy” rating in a report on Friday, October 13th. BidaskClub cut Spartan Motors from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, TheStreet cut Spartan Motors from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.00.

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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.

Earnings History for Spartan Motors (NASDAQ:SPAR)

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