News stories about Spartan Motors (NASDAQ:SPAR) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spartan Motors earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.4427239922277 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Spartan Motors soars on aggressive growth talk (seekingalpha.com)
- SPAR Crosses Above Average Analyst Target (thestreet.com)
- SPARTAN MOTORS INC : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Spartan Motors to Unveil Long-term Growth Plan at Analyst/Investor Day, Showcase 16 Vehicles (finance.yahoo.com)
- Oakland University to Honor Outstanding Alumni at 23rd Annual Awards Banquet (patch.com)
SPAR has been the subject of a number of recent research reports. BidaskClub downgraded shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Roth Capital set a $12.00 price target on shares of Spartan Motors and gave the stock a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Saturday, August 5th. Finally, TheStreet downgraded shares of Spartan Motors from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.33.
Shares of Spartan Motors (NASDAQ SPAR) traded up 20.99% during trading on Thursday, reaching $14.70. 1,573,412 shares of the company traded hands. The firm’s 50-day moving average is $10.35 and its 200-day moving average is $9.01. The stock has a market capitalization of $515.87 million, a PE 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.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $167.83 million. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. Spartan Motors’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, equities analysts predict that Spartan Motors will post $0.50 earnings per share for the current fiscal year.
Spartan Motors Company Profile
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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