Zacks: Analysts Anticipate Spartan Motors (SPAR) Will Announce Earnings of $0.05 Per Share

Equities analysts predict that Spartan Motors (NASDAQ:SPAR) will post $0.05 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Spartan Motors’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. Spartan Motors posted earnings per share of $0.04 in the same quarter last year, which suggests a positive year over year growth rate of 25%. The company is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Spartan Motors will report full-year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.61. For the next year, analysts expect that the company will post earnings of $1.15 per share, with EPS estimates ranging from $1.08 to $1.22. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Spartan Motors.

Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, March 1st. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The company had revenue of $181.10 million for the quarter, compared to analyst estimates of $174.09 million. During the same quarter in the prior year, the firm posted $0.04 EPS. Spartan Motors’s quarterly revenue was up 24.2% compared to the same quarter last year.



Several analysts recently weighed in on the company. BidaskClub upgraded Spartan Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, March 13th. Roth Capital restated a “buy” rating on shares of Spartan Motors in a report on Friday, March 2nd. ValuEngine upgraded Spartan Motors from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Seaport Global Securities restated a “buy” rating on shares of Spartan Motors in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Spartan Motors presently has a consensus rating of “Buy” and a consensus target price of $20.00.

NASDAQ:SPAR traded up $0.20 during midday trading on Friday, hitting $17.00. 163,871 shares of the company traded hands, compared to its average volume of 256,989. Spartan Motors has a 12-month low of $7.45 and a 12-month high of $18.35. The firm has a market capitalization of $586.00, a PE ratio of 39.53, a PEG ratio of 1.84 and a beta of 0.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.81.

Institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new position in Spartan Motors in the 4th quarter valued at $179,000. Citadel Advisors LLC bought a new position in Spartan Motors in the 4th quarter valued at $226,000. Raymond James Financial Services Advisors Inc. bought a new position in Spartan Motors in the 4th quarter valued at $237,000. MetLife Investment Advisors LLC bought a new position in Spartan Motors in the 4th quarter valued at $282,000. Finally, USA Financial Portformulas Corp bought a new position in Spartan Motors in the 4th quarter valued at $307,000. 66.43% of the stock is currently owned by institutional investors.

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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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