Spartan Motors Inc (SPAR) Forecasted to Earn FY2017 Earnings of $0.41 Per Share

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.

Shares of Spartan Motors (NASDAQ:SPAR) opened at $14.85 on Thursday. The company has a market capitalization of $514.26, a price-to-earnings ratio of 36.22, a P/E/G ratio of 1.81 and a beta of 1.21. Spartan Motors has a fifty-two week low of $6.30 and a fifty-two week high of $18.10. The company has a current ratio of 1.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

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.

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

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