Spartan Motors, Inc. (SPAR) Updates FY17 Earnings Guidance
Spartan Motors, Inc. (NASDAQ:SPAR) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.40-0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.50. The company issued revenue guidance of $690-710 million, compared to the consensus revenue estimate of $697.27 million.
Several research firms have weighed in on SPAR. BidaskClub lowered shares of Spartan Motors from a buy rating to a hold rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Spartan Motors from a buy rating to a hold rating in a research note on Friday, August 25th. Roth Capital boosted their target price on shares of Spartan Motors from $12.00 to $20.00 and gave the company a buy rating in a research note on Tuesday, October 17th. Finally, TheStreet lowered shares of Spartan Motors from a b- rating to a c+ rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $17.00.
Spartan Motors (NASDAQ:SPAR) last issued its earnings results on Wednesday, November 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $189.22 million during the quarter, compared to the consensus estimate of $185.30 million. Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share.
COPYRIGHT VIOLATION NOTICE: “Spartan Motors, Inc. (SPAR) Updates FY17 Earnings Guidance” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.watchlistnews.com/spartan-motors-inc-spar-updates-fy17-earnings-guidance/1675136.html.
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.
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.