Zacks: Analysts Expect Spartan Motors, Inc. (SPAR) to Post $0.09 Earnings Per Share

Analysts expect Spartan Motors, Inc. (NASDAQ:SPAR) to announce $0.09 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Spartan Motors’ earnings, with estimates ranging from $0.08 to $0.09. Spartan Motors reported earnings of $0.04 per share during the same quarter last year, which would indicate a positive year over year growth rate of 125%. The firm is expected to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that Spartan Motors will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.40 to $0.41. For the next fiscal year, analysts forecast that the company will post earnings of $0.53 per share, with EPS estimates ranging from $0.50 to $0.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $189.22 million for the quarter, compared to analyst estimates of $185.30 million. Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS.

SPAR has been the topic of several research analyst reports. Zacks Investment Research lowered Spartan Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Craig Hallum set a $20.00 target price on Spartan Motors and gave the company a “buy” rating in a research note on Friday, October 13th. Roth Capital set a $12.00 target price on Spartan Motors and gave the company a “buy” rating in a research note on Tuesday, August 1st. TheStreet downgraded Spartan Motors from a “b-” rating to a “c+” rating in a research note on Thursday, August 24th. Finally, BidaskClub downgraded Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Spartan Motors presently has a consensus rating of “Buy” and an average price target of $17.00.

Several hedge funds have recently made changes to their positions in the business. American International Group Inc. grew its stake in shares of Spartan Motors by 7.0% in the 1st quarter. American International Group Inc. now owns 20,470 shares of the company’s stock valued at $164,000 after purchasing an additional 1,346 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Spartan Motors by 0.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 256,550 shares of the company’s stock valued at $2,270,000 after purchasing an additional 2,000 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Spartan Motors by 16.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 17,871 shares of the company’s stock valued at $158,000 after purchasing an additional 2,513 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Spartan Motors by 12.2% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 25,563 shares of the company’s stock valued at $205,000 after purchasing an additional 2,776 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Spartan Motors by 18.9% in the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after buying an additional 3,049 shares in the last quarter. Institutional investors own 64.75% of the company’s stock.

Spartan Motors (SPAR) opened at $15.60 on Tuesday. The company has a market capitalization of $547.61, a P/E ratio of 41.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. Spartan Motors has a 12-month low of $6.30 and a 12-month high of $17.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 1.70.

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 paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a dividend yield of 0.65%. Spartan Motors’s dividend payout ratio (DPR) is currently 24.39%.

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About Spartan Motors

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

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