Spartan Motors (SPAR) Coverage Initiated by Analysts at Sidoti
Sidoti started coverage on shares of Spartan Motors (NASDAQ:SPAR) in a report published on Friday, Marketbeat reports. The firm issued a buy rating on the stock.
Several other equities analysts also recently weighed in on SPAR. BidaskClub downgraded shares of Spartan Motors from a buy rating to a hold rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Spartan Motors from a hold rating to a buy rating and set a $10.00 price target on the stock in a report on Saturday, August 5th. Roth Capital increased their price target on shares of Spartan Motors from $12.00 to $20.00 and gave the stock a buy rating in a report on Tuesday, October 17th. TheStreet downgraded shares of Spartan Motors from a b- rating to a c+ rating in a report on Thursday, August 24th. Finally, Craig Hallum set a $20.00 price target on shares of Spartan Motors and gave the stock a buy rating in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $17.00.
Spartan Motors (NASDAQ:SPAR) opened at $16.40 on Friday. Spartan Motors has a fifty-two week low of $6.30 and a fifty-two week high of $17.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.70 and a quick ratio of 0.95. The firm has a market cap of $566.92, a P/E ratio of 44.86, a P/E/G ratio of 2.65 and a beta of 1.21.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The business had revenue of $189.22 million during the quarter, compared to analyst estimates of $185.30 million. During the same quarter last year, the company posted $0.10 EPS. Spartan Motors’s quarterly revenue was up 27.3% compared to the same quarter last year. analysts expect that Spartan Motors will post 0.41 earnings per share for the current year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a dividend yield of 0.65%. Spartan Motors’s payout ratio is 24.39%.
Several hedge funds and other institutional investors have recently modified their holdings of SPAR. American International Group Inc. grew its stake in shares of Spartan Motors by 7.0% during the 1st quarter. American International Group Inc. now owns 20,470 shares of the company’s stock worth $164,000 after purchasing an additional 1,346 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Spartan Motors by 27.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 123,021 shares of the company’s stock worth $984,000 after purchasing an additional 26,780 shares during the period. Vanguard Group Inc. grew its stake in shares of Spartan Motors by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,384,711 shares of the company’s stock worth $11,078,000 after purchasing an additional 11,102 shares during the period. Geode Capital Management LLC grew its stake in shares of Spartan Motors by 13.9% during the 1st quarter. Geode Capital Management LLC now owns 283,420 shares of the company’s stock worth $2,267,000 after purchasing an additional 34,527 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Spartan Motors by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,890,436 shares of the company’s stock worth $23,123,000 after purchasing an additional 78,188 shares during the period. 66.23% of the stock is currently owned by institutional investors and hedge funds.
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Spartan Motors Company Profile
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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