Craig Hallum Comments on Spartan Motors, Inc.’s FY2019 Earnings (SPAR)
Spartan Motors, Inc. (NASDAQ:SPAR) – Equities researchers at Craig Hallum issued their FY2019 earnings per share (EPS) estimates for Spartan Motors in a report released on Friday. Craig Hallum analyst S. Dyer anticipates that the company will earn $0.11 per share for the year. Craig Hallum currently has a “Buy” rating and a $20.00 target price on the stock.
A number of other equities analysts have also recently commented on SPAR. BidaskClub cut shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Roth Capital set a $12.00 target price on shares of Spartan Motors and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Saturday, August 5th. Finally, TheStreet cut shares of Spartan Motors from a “b-” rating to a “c+” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Spartan Motors currently has a consensus rating of “Buy” and an average target price of $13.50.
COPYRIGHT VIOLATION WARNING: “Craig Hallum Comments on Spartan Motors, Inc.’s FY2019 Earnings (SPAR)” was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/craig-hallum-comments-on-spartan-motors-inc-s-fy2019-earnings-spar/1634229.html.
Shares of Spartan Motors (NASDAQ SPAR) opened at 15.35 on Monday. The company has a 50 day moving average of $10.76 and a 200 day moving average of $9.13. The company has a market cap of $538.68 million, a PE ratio of 143.46 and a beta of 1.15. Spartan Motors has a 52 week low of $6.30 and a 52 week high of $16.65.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. The company had revenue of $169.70 million for the quarter, compared to analysts’ expectations of $167.83 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Spartan Motors’s revenue for the quarter was up 4.4% on a year-over-year basis.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Spartan Motors by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,384,711 shares of the company’s stock worth $11,078,000 after acquiring an additional 11,102 shares during the last quarter. Morgan Stanley grew its holdings in Spartan Motors by 11.9% in the 1st quarter. Morgan Stanley now owns 197,236 shares of the company’s stock worth $1,577,000 after acquiring an additional 20,913 shares during the last quarter. Globeflex Capital L P grew its holdings in Spartan Motors by 39.4% in the 1st quarter. Globeflex Capital L P now owns 59,811 shares of the company’s stock worth $478,000 after acquiring an additional 16,900 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Spartan Motors in the 1st quarter worth $145,000. Finally, Victory Capital Management Inc. grew its holdings in Spartan Motors by 10.1% in the 2nd quarter. Victory Capital Management Inc. now owns 148,850 shares of the company’s stock worth $1,317,000 after acquiring an additional 13,655 shares during the last quarter. Institutional investors own 66.78% of the company’s stock.
About Spartan Motors
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.
Receive News & Ratings for Spartan Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.