Seaport Global Securities Weighs in on Spartan Motors, Inc.’s FY2017 Earnings (SPAR)
Spartan Motors, Inc. (NASDAQ:SPAR) – Research analysts at Seaport Global Securities increased their FY2017 EPS estimates for shares of Spartan Motors in a research note issued on Wednesday. Seaport Global Securities analyst R. Wood now expects that the company will post earnings per share of $0.50 for the year, up from their previous forecast of $0.38. Seaport Global Securities also issued estimates for Spartan Motors’ Q2 2018 earnings at $0.13 EPS.
Several other equities analysts have also commented on SPAR. BidaskClub lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Saturday. Roth Capital set a $12.00 price target on shares of Spartan Motors and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded shares of Spartan Motors from a “c” rating to a “b-” rating in a research note on Monday, May 15th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.67.
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Spartan Motors (NASDAQ:SPAR) traded down 1.3457% during trading on Monday, reaching $9.0762. 13,745 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $8.81 and its 200 day moving average price is $8.24. The firm has a market cap of $318.81 million, a P/E ratio of 84.8243 and a beta of 1.11. Spartan Motors has a 52-week low of $6.30 and a 52-week high of $10.50.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $169.70 million for the quarter, compared to analyst estimates of $167.83 million. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share.
Large investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC bought a new stake in Spartan Motors during the first quarter worth $101,000. Airain ltd bought a new stake in Spartan Motors during the first quarter worth $114,000. TFS Capital LLC bought a new stake in Spartan Motors during the first quarter worth $123,000. Eqis Capital Management Inc. increased its stake in Spartan Motors by 46.7% in the first quarter. Eqis Capital Management Inc. now owns 15,358 shares of the company’s stock worth $123,000 after buying an additional 4,888 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Spartan Motors during the first quarter worth $145,000. Institutional investors own 65.08% of the company’s stock.
Spartan Motors Company Profile
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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