Equities analysts predict that Spartan Motors, Inc. (NASDAQ:SPAR) will announce sales of $167.83 million for the current quarter, Zacks reports. Three analysts have issued estimates for Spartan Motors’ earnings, with estimates ranging from $167.00 million to $168.50 million. Spartan Motors reported sales of $162.54 million during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The company is scheduled to report its next earnings results on Thursday, August 3rd.

On average, analysts expect that Spartan Motors will report full year sales of $167.83 million for the current financial year, with estimates ranging from $674.80 million to $678.08 million. For the next fiscal year, analysts anticipate that the firm will post sales of $692.43 million per share, with estimates ranging from $685.00 million to $701.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Spartan Motors had a return on equity of 8.19% and a net margin of 1.12%. The firm had revenue of $167 million during the quarter, compared to the consensus estimate of $149.90 million. During the same period in the prior year, the company earned $0.02 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year.

A number of analysts have commented on the company. Zacks Investment Research downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Seaport Global Securities reiterated a “buy” rating and set a $10.00 target price on shares of Spartan Motors in a research report on Thursday, April 6th. Finally, TheStreet raised Spartan Motors from a “c” rating to a “b-” rating in a report on Monday, May 15th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Spartan Motors presently has a consensus rating of “Buy” and an average target price of $10.58.

Spartan Motors (NASDAQ SPAR) opened at 8.75 on Friday. Spartan Motors has a 1-year low of $6.16 and a 1-year high of $10.50. The firm has a market capitalization of $307.36 million, a P/E ratio of 43.53 and a beta of 1.11. The company has a 50-day moving average price of $8.66 and a 200 day moving average price of $8.30.

The business also recently declared a semiannual dividend, which was paid on Thursday, June 15th. Stockholders of record on Monday, May 15th were issued a $0.05 dividend. The ex-dividend date was Thursday, May 11th. This represents a dividend yield of 1.12%. Spartan Motors’s dividend payout ratio (DPR) is 47.62%.

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In related news, Director Richard R. Current purchased 5,141 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was bought at an average cost of $9.00 per share, with a total value of $46,269.00. Following the completion of the acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $810,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Frederick J. Sohm purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was bought at an average cost of $8.94 per share, with a total value of $44,700.00. Following the completion of the acquisition, the chief financial officer now owns 157,327 shares of the company’s stock, valued at $1,406,503.38. The disclosure for this purchase can be found here. Insiders own 3.72% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SPAR. Airain ltd bought a new position in Spartan Motors during the first quarter worth $114,000. Allianz Asset Management AG boosted its position in Spartan Motors by 18.7% in the fourth quarter. Allianz Asset Management AG now owns 43,645 shares of the company’s stock worth $404,000 after buying an additional 6,880 shares during the period. Highbridge Capital Management LLC bought a new position in Spartan Motors during the fourth quarter worth $246,000. Russell Investments Group Ltd. bought a new position in Spartan Motors during the fourth quarter worth $1,573,000. Finally, Renaissance Technologies LLC boosted its position in Spartan Motors by 20.4% in the fourth quarter. Renaissance Technologies LLC now owns 608,248 shares of the company’s stock worth $5,626,000 after buying an additional 103,000 shares during the period. 65.77% of the stock is owned by institutional investors.

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.

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Earnings History and Estimates for Spartan Motors (NASDAQ:SPAR)

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