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.
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.
ILLEGAL ACTIVITY WARNING: “Spartan Motors Inc (SPAR) Expected to Announce Quarterly Sales of $170.23 Million” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/09/brokerages-expect-spartan-motors-inc-spar-will-announce-quarterly-sales-of-170-23-million.html.
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.
Get a free copy of the Zacks research report on Spartan Motors (SPAR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Spartan Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors and related companies with MarketBeat.com's FREE daily email newsletter.