Analysts Expect Spartan Motors Inc (SPAR) Will Post Quarterly Sales of $234.50 Million
Brokerages expect Spartan Motors Inc (NASDAQ:SPAR) to report $234.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Spartan Motors’ earnings, with the lowest sales estimate coming in at $229.00 million and the highest estimate coming in at $240.00 million. Spartan Motors posted sales of $189.22 million in the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The business is scheduled to report its next earnings report on Wednesday, November 7th.
On average, analysts expect that Spartan Motors will report full year sales of $804.45 million for the current fiscal year, with estimates ranging from $799.40 million to $809.50 million. For the next fiscal year, analysts expect that the business will post sales of $899.55 million, with estimates ranging from $890.00 million to $909.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Spartan Motors.
Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, August 2nd. The company reported $0.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.12. The firm had revenue of $183.98 million for the quarter, compared to analysts’ expectations of $190.85 million. Spartan Motors had a net margin of 3.28% and a return on equity of 10.84%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share.
SPAR opened at $14.50 on Friday. The stock has a market capitalization of $529.63 million, a price-to-earnings ratio of 33.72 and a beta of 0.56. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.78. Spartan Motors has a twelve month low of $11.00 and a twelve month high of $19.45.
In related news, insider Stephen K. Guillaume sold 4,144 shares of the company’s stock in a transaction that occurred 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 approximately $966,023.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.22% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Sawtooth Solutions LLC purchased a new stake in shares of Spartan Motors during the 2nd quarter valued at approximately $169,000. United Services Automobile Association purchased a new stake in shares of Spartan Motors during the 2nd quarter valued at approximately $187,000. State Board of Administration of Florida Retirement System bought a new stake in Spartan Motors during the 1st quarter worth approximately $234,000. Capital Fund Management S.A. bought a new stake in Spartan Motors during the 2nd quarter worth approximately $216,000. Finally, Navellier & Associates Inc bought a new stake in Spartan Motors during the 1st quarter worth approximately $250,000. Institutional investors own 67.67% of the company’s stock.
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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