$0.12 EPS Expected for Spartan Motors (SPAR) This Quarter

Equities research analysts predict that Spartan Motors (NASDAQ:SPAR) will post earnings per share of $0.12 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Spartan Motors’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.12. Spartan Motors posted earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 71.4%. The business is expected to report its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that Spartan Motors will report full year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.62 to $0.65. For the next year, analysts expect that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.02 to $1.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $173.04 million for the quarter, compared to analyst estimates of $171.51 million. Spartan Motors had a return on equity of 10.21% and a net margin of 2.98%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share.



Several equities analysts recently weighed in on SPAR shares. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, March 13th. Roth Capital reiterated a “buy” rating on shares of Spartan Motors in a research report on Friday, March 2nd. ValuEngine upgraded Spartan Motors from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, BidaskClub downgraded Spartan Motors from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.67.

NASDAQ SPAR opened at $16.55 on Monday. Spartan Motors has a twelve month low of $8.30 and a twelve month high of $19.45. The stock has a market cap of $571.76 million, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 1.70 and a beta of 0.69. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10.

The firm also recently announced a semiannual dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 15th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 14th. This represents a yield of 0.6%. Spartan Motors’s dividend payout ratio (DPR) is presently 23.26%.

In related news, VP Thomas Kivell sold 7,500 shares of the stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $16.10, for a total transaction of $120,750.00. Following the transaction, the vice president now directly owns 84,781 shares in the company, valued at $1,364,974.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.22% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Spartan Motors by 83.8% in the 4th quarter. Wells Fargo & Company MN now owns 98,676 shares of the company’s stock worth $1,554,000 after purchasing an additional 45,003 shares during the period. EAM Investors LLC raised its holdings in shares of Spartan Motors by 70.8% in the 4th quarter. EAM Investors LLC now owns 349,421 shares of the company’s stock worth $5,503,000 after purchasing an additional 144,868 shares during the period. Chartwell Investment Partners LLC raised its holdings in shares of Spartan Motors by 46.7% in the 4th quarter. Chartwell Investment Partners LLC now owns 351,184 shares of the company’s stock worth $5,531,000 after purchasing an additional 111,791 shares during the period. Deutsche Bank AG raised its holdings in shares of Spartan Motors by 153.2% in the 4th quarter. Deutsche Bank AG now owns 150,876 shares of the company’s stock worth $2,374,000 after purchasing an additional 91,297 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Spartan Motors in the 4th quarter worth about $237,000. Institutional investors own 69.33% of the company’s stock.

About Spartan Motors

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.

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

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