Zacks: Brokerages Anticipate Spartan Motors Inc (SPAR) to Post $0.09 Earnings Per Share

Brokerages expect Spartan Motors Inc (NASDAQ:SPAR) to post $0.09 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Spartan Motors’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.08. Spartan Motors reported earnings per share of $0.04 during the same quarter last year, which would suggest a positive year over year growth rate of 125%. The business is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Spartan Motors will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.40 to $0.41. For the next fiscal year, analysts forecast that the firm will post earnings of $0.54 per share, with EPS estimates ranging from $0.53 to $0.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last released its earnings results on Wednesday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). The firm had revenue of $189.22 million during the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. Spartan Motors’s revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS.

SPAR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, October 20th. BidaskClub lowered shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Craig Hallum set a $20.00 target price on shares of Spartan Motors and gave the stock a “buy” rating in a report on Friday, October 13th. ValuEngine lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Sidoti started coverage on shares of Spartan Motors in a report on Friday, December 1st. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Spartan Motors presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Shares of Spartan Motors (NASDAQ:SPAR) opened at $14.50 on Monday. The stock has a market cap of $509.00, a PE ratio of 35.37, a PEG ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 1.70 and a debt-to-equity ratio of 0.14. Spartan Motors has a twelve month low of $6.30 and a twelve month high of $18.10.

In related news, insider John W. Slawson sold 21,191 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $15.42, for a total value of $326,765.22. Following the transaction, the insider now owns 111,165 shares of the company’s stock, valued at approximately $1,714,164.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.72% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SPAR. Voya Investment Management LLC increased its stake in Spartan Motors by 18.9% in the 2nd quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock worth $170,000 after buying an additional 3,049 shares during the period. Alliancebernstein L.P. purchased a new position in Spartan Motors in the 2nd quarter worth about $208,000. Royal Bank of Canada increased its stake in Spartan Motors by 213.5% in the 2nd quarter. Royal Bank of Canada now owns 27,755 shares of the company’s stock worth $245,000 after buying an additional 18,903 shares during the period. The Manufacturers Life Insurance Company increased its stake in Spartan Motors by 15.5% in the 2nd 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. Finally, Monarch Partners Asset Management LLC purchased a new position in Spartan Motors in the 3rd quarter worth about $313,000. 66.27% of the stock is currently owned by institutional investors.

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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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