Equities research analysts expect Spartan Motors Inc (NASDAQ:SPAR) to post sales of $193.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Spartan Motors’ earnings. The lowest sales estimate is $188.40 million and the highest is $197.60 million. Spartan Motors reported sales of $169.74 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The business is scheduled to report its next earnings report before the market opens on Thursday, August 2nd.
On average, analysts expect that Spartan Motors will report full-year sales of $806.55 million for the current year, with estimates ranging from $802.40 million to $810.70 million. For the next financial year, analysts forecast that the company will post sales of $897.70 million per share, with estimates ranging from $892.10 million to $903.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Spartan Motors.
Get Spartan Motors alerts:Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. Spartan Motors had a return on equity of 10.21% and a net margin of 2.98%. The company had revenue of $173.04 million during the quarter, compared to analysts’ expectations of $171.51 million. During the same period in the prior year, the company earned $0.04 EPS. Spartan Motors’s revenue was up 3.6% compared to the same quarter last year.
A number of research analysts have recently commented on SPAR shares. BidaskClub cut Spartan Motors from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Zacks Investment Research lowered Spartan Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, ValuEngine lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.67.
In related news, VP Thomas Kivell sold 7,500 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $16.10, for a total transaction of $120,750.00. Following the completion of the transaction, the vice president now directly owns 84,781 shares of the company’s stock, valued at approximately $1,364,974.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Frederick J. Sohm sold 16,000 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $15.97, for a total value of $255,520.00. Following the transaction, the chief financial officer now directly owns 151,755 shares of the company’s stock, valued at $2,423,527.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,799 shares of company stock valued at $965,492. 4.22% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Spartan Motors by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,317,076 shares of the company’s stock worth $36,494,000 after purchasing an additional 39,110 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Spartan Motors by 19.4% during the 4th quarter. Renaissance Technologies LLC now owns 860,497 shares of the company’s stock worth $13,553,000 after acquiring an additional 139,941 shares during the period. Summit Creek Advisors LLC grew its holdings in Spartan Motors by 88.9% during the 2nd quarter. Summit Creek Advisors LLC now owns 600,677 shares of the company’s stock worth $9,070,000 after acquiring an additional 282,723 shares during the period. Northern Trust Corp grew its holdings in Spartan Motors by 3.3% during the 1st quarter. Northern Trust Corp now owns 471,236 shares of the company’s stock worth $8,106,000 after acquiring an additional 15,114 shares during the period. Finally, GW&K Investment Management LLC grew its holdings in Spartan Motors by 56.5% during the 1st quarter. GW&K Investment Management LLC now owns 470,460 shares of the company’s stock worth $8,092,000 after acquiring an additional 169,839 shares during the period. 67.95% of the stock is owned by institutional investors and hedge funds.
Shares of Spartan Motors opened at $15.30 on Friday, according to Marketbeat.com. Spartan Motors has a 52 week low of $8.55 and a 52 week high of $19.45. The firm has a market capitalization of $543.52 million, a PE ratio of 35.58, a PEG ratio of 1.62 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.44.
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.
Recommended Story: What does relative strength index mean?
Get a free copy of the Zacks research report on Spartan Motors (SPAR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment