Brokerages Anticipate Spartan Motors Inc (SPAR) Will Announce Earnings of $0.09 Per Share
Equities analysts predict that Spartan Motors Inc (NASDAQ:SPAR) will report earnings per share of $0.09 for the current quarter, according to Zacks. Two analysts have made estimates for Spartan Motors’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.08. Spartan Motors posted earnings of $0.04 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 125%. The business is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Spartan Motors will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.41. For the next fiscal year, analysts anticipate that the company will post earnings of $0.54 per share, with EPS estimates ranging from $0.53 to $0.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Spartan Motors.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $189.22 million for the quarter, compared to analyst estimates of $185.30 million. Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. Spartan Motors’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Spartan Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday. ValuEngine cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Sidoti assumed coverage on shares of Spartan Motors in a research note on Friday, December 1st. They issued a “buy” rating on the stock. TheStreet raised shares of Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.
In related news, insider John W. Slawson sold 21,191 shares of Spartan Motors stock in a transaction on Friday, December 15th. The shares were sold at an average price of $15.42, for a total value of $326,765.22. Following the sale, the insider now owns 111,165 shares of the company’s stock, valued at approximately $1,714,164.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.72% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in Spartan Motors by 18.9% in the 2nd quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after purchasing an additional 3,049 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Spartan Motors during the 2nd quarter worth $208,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Spartan Motors by 12.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 25,563 shares of the company’s stock worth $205,000 after acquiring an additional 2,776 shares during the period. Royal Bank of Canada raised its holdings in shares of Spartan Motors by 213.5% during the 2nd quarter. Royal Bank of Canada now owns 27,755 shares of the company’s stock worth $245,000 after acquiring an additional 18,903 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of Spartan Motors during the 3rd quarter worth $313,000. Institutional investors own 66.23% of the company’s stock.
Shares of Spartan Motors (NASDAQ SPAR) traded down $0.45 during midday trading on Tuesday, hitting $16.75. 423,309 shares of the stock were exchanged, compared to its average volume of 230,705. The firm has a market cap of $603.77, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.83 and a beta of 1.21. Spartan Motors has a twelve month low of $6.30 and a twelve month high of $18.10. The company has a quick ratio of 0.95, a current ratio of 1.70 and a debt-to-equity ratio of 0.14.
The business also recently declared a Semi-Annual dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a yield of 0.65%. Spartan Motors’s dividend payout ratio is currently 24.39%.
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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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