Spartan Motors Inc (NASDAQ:SPAR) – Equities research analysts at Seaport Global Securities issued their FY2017 earnings per share estimates for shares of Spartan Motors in a research note issued on Tuesday. Seaport Global Securities analyst M. Shlisky anticipates that the company will earn $0.41 per share for the year. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Spartan Motors’ Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.95 EPS.
Several other analysts have also issued reports on SPAR. BidaskClub lowered Spartan Motors from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Roth Capital boosted their target price on Spartan Motors from $12.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered Spartan Motors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet upgraded Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, ValuEngine lowered Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.00.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). The business had revenue of $189.22 million for the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share.
Large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its stake in shares of Spartan Motors by 18.9% during the 2nd quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after purchasing an additional 3,049 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Spartan Motors during the 2nd quarter valued at $208,000. Royal Bank of Canada raised its stake in shares of Spartan Motors by 213.5% during the 2nd quarter. Royal Bank of Canada now owns 27,755 shares of the company’s stock valued at $245,000 after purchasing an additional 18,903 shares during the period. Monarch Partners Asset Management LLC bought a new stake in shares of Spartan Motors during the 3rd quarter valued at $313,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Spartan Motors by 15.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,895 shares of the company’s stock valued at $273,000 after purchasing an additional 4,145 shares during the period. Institutional investors own 66.23% of the company’s stock.
In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $15.42, for a total value of $326,765.22. Following the sale, the insider now directly owns 111,165 shares in the company, valued at $1,714,164.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.72% of the company’s stock.
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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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