Spartan Motors Inc (SPAR) to Post FY2017 Earnings of $0.41 Per Share, Seaport Global Securities Forecasts
Spartan Motors Inc (NASDAQ:SPAR) – Investment analysts at Seaport Global Securities issued their FY2017 earnings per share (EPS) estimates for Spartan Motors in a research note issued on Tuesday. Seaport Global Securities analyst M. Shlisky anticipates that the company will post earnings of $0.41 per share for the year. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Spartan Motors’ Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.95 EPS.
A number of other research analysts have also issued reports on the stock. BidaskClub lowered shares of Spartan Motors from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Sidoti began coverage on shares of Spartan Motors in a research note on Friday, December 1st. They set a “buy” rating on the stock. Finally, TheStreet upgraded shares of Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. One investment 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. Spartan Motors presently has an average rating of “Hold” and an average price target of $17.00.
Spartan Motors (NASDAQ:SPAR) opened at $14.95 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 1.70. Spartan Motors has a 52 week low of $6.30 and a 52 week high of $18.10. The stock has a market cap of $523.04, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 1.86 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). Spartan Motors had a net margin of 2.15% and a return on equity of 8.04%. The company had revenue of $189.22 million for the quarter, compared to analyst estimates of $185.30 million. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Spartan Motors by 0.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 256,550 shares of the company’s stock worth $2,270,000 after acquiring an additional 2,000 shares during the period. Voya Investment Management LLC increased its stake in shares of Spartan Motors by 18.9% in the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock worth $170,000 after acquiring an additional 3,049 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Spartan Motors by 15.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,895 shares of the company’s stock worth $273,000 after acquiring an additional 4,145 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Spartan Motors by 13.1% in the second quarter. Russell Investments Group Ltd. now owns 40,209 shares of the company’s stock worth $356,000 after acquiring an additional 4,670 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Spartan Motors by 10.8% in the second quarter. Teachers Advisors LLC now owns 61,987 shares of the company’s stock worth $549,000 after acquiring an additional 6,051 shares during the period. Hedge funds and other institutional investors own 66.23% of the company’s stock.
In other news, insider John W. Slawson sold 21,191 shares of the 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 in the company, valued at $1,714,164.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.72% of the stock is owned by corporate insiders.
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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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