Analysts forecast that Spartan Motors, Inc. (NASDAQ:SPAR) will report $175.13 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Spartan Motors’ earnings. The highest sales estimate is $175.90 million and the lowest is $174.50 million. Spartan Motors reported sales of $145.85 million during the same quarter last year, which indicates a positive year over year growth rate of 20.1%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Spartan Motors will report full-year sales of $175.13 million for the current fiscal year, with estimates ranging from $699.90 million to $701.80 million. For the next year, analysts expect that the business will report sales of $788.17 million per share, with estimates ranging from $767.50 million to $804.00 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 issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The company had revenue of $189.22 million during the quarter, compared to analysts’ expectations of $185.30 million. During the same quarter last year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis.
Several equities analysts have recently issued reports on SPAR shares. Roth Capital set a $12.00 target price on shares of Spartan Motors and gave the company a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Saturday, August 5th. Craig Hallum set a $20.00 price objective on shares of Spartan Motors and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, TheStreet lowered 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 three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Spartan Motors (NASDAQ SPAR) traded up $0.05 during mid-day trading on Thursday, hitting $15.30. 203,155 shares of the stock traded hands, compared to its average volume of 468,093. Spartan Motors has a 1 year low of $6.30 and a 1 year high of $17.20. The stock has a market capitalization of $537.08, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.23. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 0.14.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.05 dividend. This represents a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, November 14th. Spartan Motors’s dividend payout ratio (DPR) is presently 24.39%.
A number of large investors have recently bought and sold shares of SPAR. Wells Fargo & Company MN grew its position in Spartan Motors by 202.2% in the 1st quarter. Wells Fargo & Company MN now owns 66,435 shares of the company’s stock worth $531,000 after purchasing an additional 44,453 shares during the period. American International Group Inc. grew its position in Spartan Motors by 7.0% in the 1st quarter. American International Group Inc. now owns 20,470 shares of the company’s stock worth $164,000 after purchasing an additional 1,346 shares during the period. TIAA CREF Investment Management LLC grew its position in Spartan Motors by 27.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 123,021 shares of the company’s stock worth $984,000 after purchasing an additional 26,780 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in Spartan Motors in the 1st quarter worth approximately $145,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Spartan Motors during the 1st quarter valued at $145,000. 66.66% of the stock is owned by institutional investors and hedge funds.
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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