Spartan Motors, Inc. (NASDAQ:SPAR) – Equities research analysts at Seaport Global Securities lifted their FY2017 earnings per share (EPS) estimates for Spartan Motors in a report released on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the company will earn $0.50 per share for the year, up from their prior forecast of $0.38. Seaport Global Securities also issued estimates for Spartan Motors’ Q2 2018 earnings at $0.13 EPS.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $169.70 million for the quarter, compared to the consensus estimate of $167.83 million. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share.

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Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Saturday. Roth Capital set a $12.00 price target on shares of Spartan Motors and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised shares of Spartan Motors from a “c” rating to a “b-” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Spartan Motors presently has an average rating of “Buy” and a consensus price target of $10.67.

Spartan Motors (NASDAQ:SPAR) opened at 9.20 on Monday. Spartan Motors has a 12-month low of $6.30 and a 12-month high of $10.50. The stock has a market capitalization of $323.16 million, a P/E ratio of 85.98 and a beta of 1.11. The firm’s 50-day moving average is $8.75 and its 200 day moving average is $8.22.

Large investors have recently modified their holdings of the stock. Marshall Wace North America L.P. boosted its stake in shares of Spartan Motors by 623.6% in the second quarter. Marshall Wace North America L.P. now owns 131,183 shares of the company’s stock worth $1,181,000 after buying an additional 113,053 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Spartan Motors by 113.5% in the second quarter. Wedge Capital Management L L P NC now owns 76,000 shares of the company’s stock worth $673,000 after buying an additional 40,400 shares during the last quarter. Granite Investment Partners LLC boosted its stake in shares of Spartan Motors by 61.9% in the second quarter. Granite Investment Partners LLC now owns 234,548 shares of the company’s stock worth $2,076,000 after buying an additional 89,653 shares during the last quarter. Algert Global LLC boosted its stake in shares of Spartan Motors by 27.2% in the second quarter. Algert Global LLC now owns 95,706 shares of the company’s stock worth $847,000 after buying an additional 20,480 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Spartan Motors during the second quarter worth approximately $495,000. 65.08% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Richard R. Current purchased 5,141 shares of the stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average cost of $9.00 per share, with a total value of $46,269.00. Following the purchase, 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 is available at this hyperlink. Corporate insiders own 3.72% of the company’s stock.

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.

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

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