Spartan Motors Inc. (SPAR) Plans Quarterly Dividend of $0.05
Spartan Motors (NASDAQ:SPAR) declared a quarterly dividend on Tuesday, October 29th, Analyst Ratings.Net reports. Stockholders of record on Thursday, November 14th will be given a dividend of $0.05 per share on Thursday, December 19th. This represents a $0.20 dividend on an annualized basis and a yield of 2.92%.
A number of analysts have recently weighed in on SPAR shares. Analysts at TheStreet downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 5th. Analysts at Dougherty & Co downgraded shares of Spartan Motors from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 1st.
Spartan Motors (NASDAQ:SPAR) traded down 2.41% during mid-day trading on Tuesday, hitting $6.685. 61,804 shares of the company’s stock traded hands. Spartan Motors has a one year low of $4.35 and a one year high of $6.39. The stock has a 50-day moving average of $5.95 and a 200-day moving average of $5.7. The company’s market cap is $228.2 million.
Spartan Motors (NASDAQ:SPAR) last released its earnings data on Tuesday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.41. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $134.27 million. During the same quarter last year, the company posted $0.02 earnings per share. Spartan Motors’s revenue was up 11.7% compared to the same quarter last year. Analysts expect that Spartan Motors will post $0.12 EPS for the current fiscal year.
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company has five wholly owned operating subsidiaries: Spartan Motors Chassis, Inc (NASDAQ:SPAR), Crimson Fire, Inc (Crimson), Crimson Fire Aerials, Inc (Crimson Aerials), Utilimaster Corporation (Utilimaster) and Classic Fire LLC (Classic Fire).
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