Wall Street analysts expect Spartan Motors Inc (NASDAQ:SPAR) to announce $0.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Spartan Motors’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.09. Spartan Motors posted earnings per share of $0.04 during the same quarter last year, which indicates a positive year over year growth rate of 125%. The firm is expected to issue its next 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 financial year, analysts anticipate that the company 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 an average based on a survey of research firms that cover Spartan Motors.
A number of equities research analysts recently commented on the company. BidaskClub raised Spartan Motors from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Zacks Investment Research raised 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. ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet raised Spartan Motors from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Finally, Sidoti assumed coverage on Spartan Motors in a report on Friday, December 1st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.00.
A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Spartan Motors by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,954,902 shares of the company’s stock valued at $32,652,000 after acquiring an additional 27,604 shares during the period. BlackRock Inc. lifted its holdings in Spartan Motors by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,317,076 shares of the company’s stock valued at $36,494,000 after acquiring an additional 39,110 shares during the period. Vanguard Group Inc. lifted its holdings in Spartan Motors by 5.6% in the second quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock valued at $12,942,000 after acquiring an additional 77,653 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Spartan Motors by 4.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,030,612 shares of the company’s stock valued at $11,388,000 after acquiring an additional 46,312 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Spartan Motors by 19.4% in the fourth quarter. Renaissance Technologies LLC now owns 860,497 shares of the company’s stock valued at $13,553,000 after acquiring an additional 139,941 shares during the period. 65.62% of the stock is owned by institutional investors.
Shares of Spartan Motors (NASDAQ SPAR) opened at $15.75 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.95 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. The company has a market capitalization of $540.59, a PE ratio of 38.42, a P/E/G ratio of 1.90 and a beta of 0.92.
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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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