$0.24 EPS Expected for Spartan Motors, Inc. (SPAR) This Quarter

Wall Street analysts expect Spartan Motors, Inc. (NASDAQ:SPAR) to report earnings per share of $0.24 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Spartan Motors’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.24. 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 140%. The business is scheduled to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that Spartan Motors will report full year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.49 to $0.50. For the next financial year, analysts anticipate that the business will report earnings of $0.59 per share, with EPS estimates ranging from $0.44 to $0.73. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 previous year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. Roth Capital raised their price objective on shares of Spartan Motors from $12.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. BidaskClub lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, August 25th. TheStreet lowered shares of Spartan Motors from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. Finally, Craig Hallum set a $20.00 price objective on shares of Spartan Motors and gave the company a “buy” rating in a report on Friday, October 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.50.

A number of institutional investors have recently modified their holdings of the business. American International Group Inc. lifted its stake in shares of Spartan Motors by 7.0% in the 1st quarter. American International Group Inc. now owns 20,470 shares of the company’s stock worth $164,000 after acquiring an additional 1,346 shares during the period. Cornerstone Capital Management Holdings LLC. lifted 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 valued at $2,270,000 after purchasing an additional 2,000 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of Spartan Motors by 16.4% in the second quarter. Eqis Capital Management Inc. now owns 17,871 shares of the company’s stock valued at $158,000 after purchasing an additional 2,513 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Spartan Motors by 12.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,563 shares of the company’s stock valued at $205,000 after purchasing an additional 2,776 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Spartan Motors by 18.9% in the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after purchasing an additional 3,049 shares during the period. 66.78% of the stock is currently owned by institutional investors.

Spartan Motors (NASDAQ:SPAR) traded up 3.12% during trading on Thursday, reaching $16.55. 608,367 shares of the company’s stock traded hands. The company has a market cap of $580.79 million, a PE ratio of 154.67 and a beta of 1.16. The company has a 50 day moving average price of $11.50 and a 200-day moving average price of $9.35. Spartan Motors has a 12-month low of $6.30 and a 12-month high of $16.70.

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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.

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

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