Spartan Motors (SPAR) Earns “Buy” Rating from Seaport Global Securities

Seaport Global Securities restated their buy rating on shares of Spartan Motors (NASDAQ:SPAR) in a report issued on Tuesday. Seaport Global Securities also issued estimates for Spartan Motors’ Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.95 EPS.

Several other research analysts have also issued reports on SPAR. BidaskClub lowered Spartan Motors from a hold rating to a sell rating in a research report on Thursday, January 11th. Roth Capital raised their price target on Spartan Motors from $12.00 to $20.00 and gave the stock a buy rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered Spartan Motors from a buy rating to a hold rating in a research report on Tuesday, October 3rd. TheStreet upgraded Spartan Motors from a c+ rating to a b rating in a research report on Thursday, November 2nd. Finally, ValuEngine lowered Spartan Motors from a buy rating to a hold rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Spartan Motors presently has an average rating of Hold and an average target price of $17.00.

Spartan Motors (SPAR) opened at $14.85 on Tuesday. Spartan Motors has a 12-month low of $6.30 and a 12-month high of $18.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.70 and a quick ratio of 0.95. The stock has a market capitalization of $514.26, a price-to-earnings ratio of 36.22, a PEG ratio of 1.81 and a beta of 1.21.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly 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). Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The company had revenue of $189.22 million during the quarter, compared to the consensus estimate of $185.30 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. research analysts anticipate that Spartan Motors will post 0.41 earnings per share for the current fiscal year.

In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of Spartan Motors stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the transaction, the insider now directly owns 111,165 shares in the company, valued at $1,714,164.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.72% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Spartan Motors by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,954,902 shares of the company’s stock worth $32,652,000 after acquiring an additional 27,604 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Spartan Motors by 5.6% during the second quarter. Vanguard Group Inc. now owns 1,462,364 shares of the company’s stock worth $12,942,000 after acquiring an additional 77,653 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Spartan Motors by 4.7% during the third quarter. Segall Bryant & Hamill LLC now owns 1,030,612 shares of the company’s stock worth $11,388,000 after acquiring an additional 46,312 shares in the last quarter. State Street Corp lifted its holdings in Spartan Motors by 11.6% during the second quarter. State Street Corp now owns 532,969 shares of the company’s stock worth $4,719,000 after acquiring an additional 55,350 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Spartan Motors by 501.6% in the second quarter. Ameriprise Financial Inc. now owns 470,789 shares of the company’s stock valued at $4,166,000 after purchasing an additional 392,528 shares in the last quarter. Hedge funds and other institutional investors own 66.23% of the company’s stock.

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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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