Equities analysts expect Spartan Motors Inc (NASDAQ:SPAR) to post sales of $173.70 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Spartan Motors’ earnings. The lowest sales estimate is $171.20 million and the highest is $176.00 million. Spartan Motors posted sales of $145.85 million during the same quarter last year, which suggests a positive year over year growth rate of 19.1%. The firm is expected to report its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Spartan Motors will report full-year sales of $173.70 million for the current year, with estimates ranging from $700.00 million to $701.80 million. For the next fiscal year, analysts forecast that the firm will post sales of $794.90 million per share, with estimates ranging from $780.80 million to $808.90 million. Zacks’ sales averages are a mean 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 Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $185.30 million. During the same period last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis.
A number of research firms have issued reports on SPAR. BidaskClub raised Spartan Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Zacks Investment Research cut Spartan Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine cut Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Sidoti began coverage on Spartan Motors in a research note on Friday, December 1st. They issued a “buy” rating for the company. Finally, TheStreet raised Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Spartan Motors currently has a consensus rating of “Hold” and an average target price of $17.00.
Spartan Motors (NASDAQ SPAR) opened at $13.95 on Wednesday. Spartan Motors has a 52 week low of $6.30 and a 52 week high of $18.10. The company has a quick ratio of 0.95, a current ratio of 1.70 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $489.69, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.
In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $15.42, for a total value of $326,765.22. Following the completion of the transaction, the insider now directly owns 111,165 shares of the company’s stock, valued at $1,714,164.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.72% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Spartan Motors by 0.8% during 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. Voya Investment Management LLC boosted its position in shares of Spartan Motors by 18.9% during the second 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. The Manufacturers Life Insurance Company boosted its position in shares of Spartan Motors by 15.5% during 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. Teachers Advisors LLC boosted its position in shares of Spartan Motors by 10.8% during the second quarter. Teachers Advisors LLC now owns 61,987 shares of the company’s stock worth $549,000 after buying an additional 6,051 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Spartan Motors by 29.6% during the third quarter. JPMorgan Chase & Co. now owns 73,087 shares of the company’s stock worth $819,000 after buying an additional 16,687 shares during the period. 66.27% of the stock is owned by institutional investors.
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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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