Equities analysts predict that Spartan Motors, Inc. (NASDAQ:SPAR) will post earnings of $0.22 per share for the current quarter, according to Zacks. Three analysts have made estimates for Spartan Motors’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.17. Spartan Motors reported earnings of $0.10 per share in the same quarter last year, which indicates a positive year over year growth rate of 120%. The business is expected to announce its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Spartan Motors will report full year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.50. For the next fiscal year, analysts anticipate that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.55 to $0.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Spartan Motors.

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

SPAR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Spartan Motors from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. TheStreet upgraded shares of Spartan Motors from a “c” rating to a “b-” rating in a research report on Monday, May 15th. BidaskClub downgraded shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Roth Capital set a $12.00 price target on shares of Spartan Motors and gave the stock a “buy” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.67.

TRADEMARK VIOLATION NOTICE: “$0.22 Earnings Per Share Expected for Spartan Motors, Inc. (SPAR) This Quarter” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/17/0-22-earnings-per-share-expected-for-spartan-motors-inc-spar-this-quarter.html.

A number of hedge funds have recently made changes to their positions in SPAR. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Spartan Motors during the second quarter worth approximately $477,000. The Manufacturers Life Insurance Company raised 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 buying an additional 4,145 shares during the period. State Street Corp raised its stake in shares of Spartan Motors by 11.6% in the second quarter. State Street Corp now owns 532,969 shares of the company’s stock worth $4,719,000 after buying an additional 55,350 shares during the period. Cornerstone Capital Management Holdings LLC. raised 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 buying an additional 2,000 shares during the period. Finally, Intrinsic Edge Capital Management LLC raised its stake in shares of Spartan Motors by 58.7% in the second quarter. Intrinsic Edge Capital Management LLC now owns 254,384 shares of the company’s stock worth $2,251,000 after buying an additional 94,122 shares during the period. Institutional investors and hedge funds own 64.72% of the company’s stock.

Shares of Spartan Motors (SPAR) traded down 0.57% during trading on Thursday, reaching $8.65. 170,015 shares of the company traded hands. The company has a 50 day moving average price of $8.90 and a 200 day moving average price of $8.26. Spartan Motors has a 12-month low of $6.30 and a 12-month high of $10.50. The firm has a market capitalization of $303.55 million, a price-to-earnings ratio of 80.84 and a beta of 1.11.

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.

Get a free copy of the Zacks research report on Spartan Motors (SPAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Spartan Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.