Press coverage about Spartan Motors (NASDAQ:SPAR) has trended positive on Saturday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spartan Motors earned a media sentiment score of 0.41 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 71 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected AlphaOne Sentiment’s scoring:
Spartan Motors (NASDAQ:SPAR) traded up 1.14% during trading on Friday, hitting $8.90. 205,011 shares of the company traded hands. The stock has a 50-day moving average price of $7.88 and a 200-day moving average price of $8.29. The firm has a market capitalization of $306.03 million, a P/E ratio of 35.60 and a beta of 1.12. Spartan Motors has a 12-month low of $5.52 and a 12-month high of $10.50.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business earned $167 million during the quarter, compared to analyst estimates of $149.90 million. Spartan Motors had a positive return on equity of 3.85% and a negative net margin of 0.30%. Spartan Motors’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. Equities analysts expect that Spartan Motors will post $0.34 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, May 15th will be given a $0.05 dividend. This represents a yield of 1.12%. The ex-dividend date of this dividend is Thursday, May 11th. Spartan Motors’s payout ratio is currently -199.96%.
A number of research firms have recently issued reports on SPAR. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Saturday. Roth Capital began coverage on shares of Spartan Motors in a report on Wednesday, January 25th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of Spartan Motors in a report on Thursday, April 6th.
In related news, insider Daryl M. Adams purchased 54,000 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was acquired at an average cost of $6.55 per share, with a total value of $353,700.00. Following the transaction, the insider now owns 344,497 shares of the company’s stock, valued at approximately $2,256,455.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John A. Forbes sold 8,000 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $6.65, for a total value of $53,200.00. The disclosure for this sale can be found here. Insiders purchased a total of 61,450 shares of company stock valued at $404,316 over the last three months. 4.59% of the stock is currently owned by insiders.
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.