Spartan Motors, Inc. (NASDAQ:SPAR) declared a Semi-Annual dividend on Thursday, November 2nd, NASDAQ reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.05 per share on Friday, December 15th. The ex-dividend date is Tuesday, November 14th.

Spartan Motors (NASDAQ:SPAR) last released its earnings results on Wednesday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). The business had revenue of $189.22 million during the quarter, compared to analysts’ expectations of $185.30 million. Spartan Motors had a net margin of 2.15% and a return on equity of 8.04%. Spartan Motors’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS.

SPAR has been the subject of a number of research analyst reports. Craig Hallum set a $20.00 target price on Spartan Motors and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, October 20th. BidaskClub lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Roth Capital set a $12.00 price objective on Spartan Motors and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, TheStreet lowered Spartan Motors from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.

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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.

Dividend History for Spartan Motors (NASDAQ:SPAR)

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