Spartan Motors Inc (SPAR) Expected to Post Earnings of $0.13 Per Share

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Equities analysts expect Spartan Motors Inc (NASDAQ:SPAR) to report $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Spartan Motors’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.04. Spartan Motors posted earnings per share of $0.11 during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The business is expected to announce its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Spartan Motors will report full year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.64. For the next financial year, analysts forecast that the business will post earnings of $0.94 per share, with EPS estimates ranging from $0.64 to $1.12. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last posted its earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.08). The firm had revenue of $226.18 million during the quarter, compared to analyst estimates of $227.27 million. Spartan Motors had a return on equity of 9.77% and a net margin of 2.04%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share.

SPAR has been the topic of a number of research analyst reports. ValuEngine lowered shares of Spartan Motors from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. BidaskClub lowered shares of Spartan Motors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Craig Hallum set a $12.00 price objective on shares of Spartan Motors and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Roth Capital dropped their price objective on shares of Spartan Motors from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.33.

Shares of NASDAQ:SPAR opened at $8.42 on Wednesday. Spartan Motors has a 12 month low of $6.70 and a 12 month high of $19.45. The company has a current ratio of 1.74, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a market cap of $306.02 million, a P/E ratio of 19.58 and a beta of 1.31.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 14th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 13th. Spartan Motors’s payout ratio is 23.26%.

In related news, insider Stephen K. Guillaume sold 4,144 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.23, for a total transaction of $63,113.12. Following the sale, the insider now directly owns 63,429 shares in the company, valued at $966,023.67. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dominic A. Romeo acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average price of $7.31 per share, for a total transaction of $146,200.00. Following the completion of the acquisition, the director now owns 24,130 shares of the company’s stock, valued at $176,390.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 60,000 shares of company stock worth $439,200. 4.22% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio grew its position in Spartan Motors by 9.9% in the second quarter. Strs Ohio now owns 51,100 shares of the company’s stock valued at $771,000 after purchasing an additional 4,600 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Spartan Motors by 40.2% in the second quarter. MetLife Investment Advisors LLC now owns 16,327 shares of the company’s stock valued at $247,000 after purchasing an additional 4,685 shares in the last quarter. Kirr Marbach & Co. LLC IN grew its position in Spartan Motors by 19.3% in the second quarter. Kirr Marbach & Co. LLC IN now owns 29,974 shares of the company’s stock valued at $453,000 after purchasing an additional 4,849 shares in the last quarter. Gabelli Funds LLC grew its position in Spartan Motors by 6.2% in the second quarter. Gabelli Funds LLC now owns 85,375 shares of the company’s stock valued at $1,289,000 after purchasing an additional 5,000 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan grew its position in Spartan Motors by 21.4% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 34,000 shares of the company’s stock valued at $513,000 after purchasing an additional 6,000 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

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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