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.

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

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