Equities analysts expect Spartan Motors Inc (NASDAQ:SPAR) to announce $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Spartan Motors’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.09. Spartan Motors posted earnings per share of $0.04 during the same quarter last year, which suggests a positive year over year growth rate of 125%. The company is scheduled to issue its next earnings results before the market opens on Thursday, March 1st.
On average, analysts expect that Spartan Motors will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.41. For the next year, analysts anticipate that the firm will post earnings of $0.54 per share, with EPS estimates ranging from $0.53 to $0.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Spartan Motors.
SPAR has been the subject of several recent analyst reports. Zacks Investment Research downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. BidaskClub upgraded Spartan Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Sidoti initiated coverage on Spartan Motors in a research report on Friday, December 1st. They set a “buy” rating for the company. Seaport Global Securities restated a “buy” rating on shares of Spartan Motors in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Spartan Motors currently has a consensus rating of “Hold” and a consensus target price of $17.00.
In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of the 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 in the company, valued at $1,714,164.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.72% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in Spartan Motors in the fourth quarter valued at about $282,000. Two Sigma Investments LP raised its position in Spartan Motors by 157.1% in the fourth quarter. Two Sigma Investments LP now owns 160,713 shares of the company’s stock valued at $2,531,000 after purchasing an additional 98,215 shares during the last quarter. Two Sigma Advisers LP raised its position in Spartan Motors by 86.3% in the fourth quarter. Two Sigma Advisers LP now owns 75,769 shares of the company’s stock valued at $1,193,000 after purchasing an additional 35,100 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Spartan Motors in the fourth quarter valued at about $1,035,000. Finally, Deutsche Bank AG raised its position in Spartan Motors by 153.2% in the fourth quarter. Deutsche Bank AG now owns 150,876 shares of the company’s stock valued at $2,374,000 after purchasing an additional 91,297 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.
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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