Spartan Motors Inc (NASDAQ:SPAR) announced a Semi-Annual dividend on Monday, November 4th, Zacks reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.05 per share on Monday, December 16th. The ex-dividend date is Wednesday, November 13th.
Spartan Motors stock traded down $0.25 during midday trading on Wednesday, reaching $17.72. The stock had a trading volume of 214,765 shares, compared to its average volume of 182,803. The firm’s fifty day simple moving average is $14.74 and its 200-day simple moving average is $11.66. Spartan Motors has a 1-year low of $6.97 and a 1-year high of $19.31. The stock has a market capitalization of $652.03 million, a P/E ratio of 36.92 and a beta of 1.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.72.
Spartan Motors (NASDAQ:SPAR) last announced its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.08. Spartan Motors had a return on equity of 11.81% and a net margin of 1.70%. The business had revenue of $288.95 million for the quarter, compared to analyst estimates of $231.49 million. During the same quarter last year, the firm earned $0.17 EPS. Spartan Motors’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Spartan Motors will post 0.89 earnings per share for the current fiscal year.
A number of research firms have weighed in on SPAR. Sidoti raised their price target on Spartan Motors from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Craig Hallum raised their price target on Spartan Motors from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Tuesday. TheStreet upgraded Spartan Motors from a “c+” rating to a “b-” rating in a research note on Friday, October 18th. Finally, BidaskClub upgraded Spartan Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.33.
Spartan Motors Company Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty 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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