Spartan Motors (NASDAQ:SPAR) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.00.
A number of research firms have recently weighed in on SPAR. ValuEngine raised shares of Spartan Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded shares of Spartan Motors from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Zacks Investment Research downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Spartan Motors in a research note on Friday, March 2nd.
Shares of NASDAQ:SPAR opened at $16.10 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.88. Spartan Motors has a 12-month low of $8.30 and a 12-month high of $19.45. The firm has a market cap of $566.46 million, a price-to-earnings ratio of 37.44, a PEG ratio of 1.69 and a beta of 0.69.
Spartan Motors (NASDAQ:SPAR) last announced its earnings results on Thursday, May 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. Spartan Motors had a net margin of 2.98% and a return on equity of 10.21%. The company had revenue of $173.04 million for the quarter, compared to the consensus estimate of $171.51 million. During the same period in the previous year, the business earned $0.04 EPS. The company’s revenue was up 3.6% on a year-over-year basis. sell-side analysts forecast that Spartan Motors will post 0.63 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be paid a $0.05 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, May 14th. Spartan Motors’s dividend payout ratio (DPR) is presently 23.26%.
A number of institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH increased its position in Spartan Motors by 35.0% during the first quarter. Allianz Asset Management GmbH now owns 289,328 shares of the company’s stock worth $4,976,000 after buying an additional 75,085 shares during the last quarter. Navellier & Associates Inc acquired a new position in Spartan Motors during the first quarter worth $250,000. WINTON GROUP Ltd acquired a new position in Spartan Motors during the first quarter worth $474,000. Wesbanco Bank Inc. acquired a new position in Spartan Motors during the first quarter worth $1,109,000. Finally, Barclays PLC increased its position in Spartan Motors by 161.6% during the first quarter. Barclays PLC now owns 14,904 shares of the company’s stock worth $256,000 after buying an additional 9,206 shares during the last quarter. 69.33% of the stock is currently owned by hedge funds and other institutional investors.
Spartan Motors Company Profile
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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