Brokerages Anticipate Spartan Motors Inc (SPAR) Will Announce Earnings of $0.13 Per Share

Wall Street analysts expect Spartan Motors Inc (NASDAQ:SPAR) to report $0.13 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Spartan Motors’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.04. Spartan Motors posted earnings per share of $0.11 in the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The business is expected to report its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that Spartan Motors will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.64. For the next financial year, analysts forecast that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.64 to $1.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last posted its earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.08). Spartan Motors had a net margin of 2.04% and a return on equity of 9.77%. The company had revenue of $226.18 million during the quarter, compared to analyst estimates of $227.27 million. During the same quarter last year, the business posted $0.21 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis.

Several analysts recently weighed in on SPAR shares. ValuEngine downgraded shares of Spartan Motors from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. BidaskClub downgraded shares of Spartan Motors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Craig Hallum set a $12.00 target price on shares of Spartan Motors and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Roth Capital dropped their target price on shares of Spartan Motors from $20.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.33.

In other Spartan Motors news, CEO Daryl M. Adams purchased 25,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $7.31 per share, with a total value of $182,750.00. Following the transaction, the chief executive officer now directly owns 642,536 shares of the company’s stock, valued at approximately $4,696,938.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dominic A. Romeo purchased 20,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was acquired at an average cost of $7.31 per share, with a total value of $146,200.00. Following the transaction, the director now directly owns 24,130 shares in the company, valued at $176,390.30. The disclosure for this purchase can be found here. Insiders purchased a total of 60,000 shares of company stock valued at $439,200 in the last quarter. 4.22% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of SPAR. Schwerin Boyle Capital Management Inc. boosted its position in Spartan Motors by 474.5% in the 3rd quarter. Schwerin Boyle Capital Management Inc. now owns 505,580 shares of the company’s stock valued at $7,457,000 after buying an additional 417,580 shares during the period. Baird Financial Group Inc. purchased a new position in Spartan Motors in the 3rd quarter valued at approximately $5,139,000. Allianz Asset Management GmbH boosted its position in Spartan Motors by 97.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 605,600 shares of the company’s stock valued at $8,933,000 after buying an additional 299,397 shares during the period. Summit Creek Advisors LLC boosted its position in Spartan Motors by 88.9% in the 2nd quarter. Summit Creek Advisors LLC now owns 600,677 shares of the company’s stock valued at $9,070,000 after buying an additional 282,723 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Spartan Motors by 50.3% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 631,730 shares of the company’s stock valued at $9,539,000 after buying an additional 211,526 shares during the period. 67.30% of the stock is owned by institutional investors.

Spartan Motors stock traded up $0.15 during trading on Wednesday, hitting $8.19. The company had a trading volume of 307,000 shares, compared to its average volume of 261,759. Spartan Motors has a 1-year low of $6.70 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.22 and a current ratio of 1.74. The company has a market capitalization of $293.01 million, a PE ratio of 19.05 and a beta of 1.31.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, December 14th. Investors of record on Wednesday, November 14th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, November 13th. Spartan Motors’s dividend payout ratio (DPR) is presently 23.26%.

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

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