Spartan Motors, Inc. (SPAR) Expected to Post Earnings of $0.24 Per Share

Analysts expect that Spartan Motors, Inc. (NASDAQ:SPAR) will post earnings of $0.24 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Spartan Motors’ earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. Spartan Motors reported earnings of $0.10 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 140%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Spartan Motors will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.50. For the next fiscal year, analysts expect that the company will post earnings of $0.52 per share, with EPS estimates ranging from $0.44 to $0.58. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $167.83 million. Spartan Motors had a return on equity of 5.57% and a net margin of 0.59%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS.

Several equities research analysts have weighed in on SPAR shares. BidaskClub downgraded shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Saturday, September 23rd. Roth Capital set a $12.00 price target on shares of Spartan Motors and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet downgraded shares of Spartan Motors from a “b-” rating to a “c+” rating in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $11.33.

Several large investors have recently bought and sold shares of SPAR. Wells Fargo & Company MN increased its position in shares of Spartan Motors by 202.2% during the first quarter. Wells Fargo & Company MN now owns 66,435 shares of the company’s stock worth $531,000 after acquiring an additional 44,453 shares in the last quarter. KBC Group NV increased its position in shares of Spartan Motors by 42.6% during the first quarter. KBC Group NV now owns 45,258 shares of the company’s stock worth $362,000 after acquiring an additional 13,523 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Spartan Motors by 51.3% during the first quarter. Victory Capital Management Inc. now owns 135,195 shares of the company’s stock worth $1,082,000 after acquiring an additional 45,836 shares in the last quarter. American International Group Inc. increased its position in shares of Spartan Motors by 7.0% during the first quarter. American International Group Inc. now owns 20,470 shares of the company’s stock worth $164,000 after acquiring an additional 1,346 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Spartan Motors by 27.8% during the first quarter. TIAA CREF Investment Management LLC now owns 123,021 shares of the company’s stock worth $984,000 after acquiring an additional 26,780 shares in the last quarter. 66.78% of the stock is owned by institutional investors.

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Spartan Motors (SPAR) traded up 20.99% during trading on Thursday, reaching $14.70. The company’s stock had a trading volume of 1,573,687 shares. The company has a market cap of $515.87 million, a P/E ratio of 137.38 and a beta of 1.16. Spartan Motors has a 12 month low of $6.30 and a 12 month high of $14.75. The stock’s 50-day moving average is $10.52 and its 200 day moving average is $9.06.

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

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