Spartan Motors Inc (SPAR) Expected to Announce Quarterly Sales of $170.23 Million

Equities research analysts predict that Spartan Motors Inc (NASDAQ:SPAR) will report $170.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Spartan Motors’ earnings. The lowest sales estimate is $168.20 million and the highest is $172.50 million. Spartan Motors reported sales of $167.08 million in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is expected to issue its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Spartan Motors will report full year sales of $170.23 million for the current fiscal year, with estimates ranging from $795.00 million to $812.10 million. For the next financial year, analysts expect that the firm will report sales of $896.40 million per share, with estimates ranging from $889.00 million to $904.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Spartan Motors.

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Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The firm had revenue of $181.10 million during the quarter, compared to the consensus estimate of $174.09 million. During the same period in the prior year, the business earned $0.04 EPS. The firm’s revenue was up 24.2% on a year-over-year basis.

Several research analysts have recently issued reports on SPAR shares. Seaport Global Securities reissued a “buy” rating on shares of Spartan Motors in a research note on Tuesday, January 16th. Roth Capital reissued a “buy” rating on shares of Spartan Motors in a research note on Friday, March 2nd. ValuEngine raised Spartan Motors from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BidaskClub cut Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. Finally, Zacks Investment Research raised Spartan Motors from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $20.00.

Shares of NASDAQ:SPAR traded up $0.40 on Monday, hitting $17.20. The company’s stock had a trading volume of 120,099 shares, compared to its average volume of 256,710. Spartan Motors has a 12 month low of $7.45 and a 12 month high of $18.35. The stock has a market cap of $586.00, a price-to-earnings ratio of 40.00, a PEG ratio of 1.84 and a beta of 0.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.81.

Institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Spartan Motors in the fourth quarter valued at $179,000. Citadel Advisors LLC acquired a new stake in shares of Spartan Motors in the fourth quarter valued at $226,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Spartan Motors in the fourth quarter valued at $237,000. MetLife Investment Advisors LLC acquired a new stake in shares of Spartan Motors in the fourth quarter valued at $282,000. Finally, USA Financial Portformulas Corp acquired a new stake in shares of Spartan Motors in the fourth quarter valued at $307,000. Institutional investors and hedge funds own 66.43% of the company’s stock.

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About Spartan Motors

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.

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

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