Wall Street brokerages expect Spartan Motors Inc (NASDAQ:SPAR) to report $170.23 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Spartan Motors’ earnings, with the highest sales estimate coming in at $172.50 million and the lowest estimate coming in at $168.20 million. Spartan Motors posted sales of $167.08 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, 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 anticipate that the firm will report sales of $896.40 million per share, with estimates ranging from $889.00 million to $904.10 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Spartan Motors.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings results on Thursday, March 1st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company had revenue of $181.10 million for the quarter, compared to analyst estimates of $174.09 million. Spartan Motors had a net margin of 2.25% and a return on equity of 9.32%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share.
Shares of Spartan Motors (NASDAQ:SPAR) traded down $0.05 during trading on Friday, reaching $17.25. 182,580 shares of the company’s stock traded hands, compared to its average volume of 257,648. The stock has a market capitalization of $607.05, a price-to-earnings ratio of 40.23, a P/E/G ratio of 1.91 and a beta of 0.79. Spartan Motors has a one year low of $7.25 and a one year high of $18.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.10.
Several hedge funds have recently bought and sold shares of SPAR. Parametric Portfolio Associates LLC boosted its holdings in shares of Spartan Motors by 326.4% in the second quarter. Parametric Portfolio Associates LLC now owns 62,343 shares of the company’s stock valued at $552,000 after acquiring an additional 47,723 shares during the period. State Street Corp boosted its holdings in shares of Spartan Motors by 11.6% in the second quarter. State Street Corp now owns 532,969 shares of the company’s stock valued at $4,719,000 after acquiring an additional 55,350 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Spartan Motors by 15.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,895 shares of the company’s stock valued at $273,000 after acquiring an additional 4,145 shares during the period. First Trust Advisors LP acquired a new stake in shares of Spartan Motors in the third quarter valued at approximately $1,378,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Spartan Motors by 665.1% in the third quarter. Russell Investments Group Ltd. now owns 307,650 shares of the company’s stock valued at $3,400,000 after acquiring an additional 267,441 shares during the period. 66.49% of the stock is owned by institutional investors and hedge funds.
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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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