Spartan Motors, Inc. Plans Semi-Annual Dividend of $0.05 (SPAR)
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.
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