Spartan Motors, Inc. to Post FY2016 Earnings of $0.33 Per Share, Roth Capital Forecasts (SPAR)

Spartan Motors, Inc. to Post FY2016 Earnings of $0.33 Per Share, Roth Capital Forecasts (SPAR)

Spartan Motors, Inc. (NASDAQ:SPAR) – Investment analysts at Roth Capital issued their FY2016 earnings per share estimates for shares of Spartan Motors in a research note issued to investors on Wednesday. Roth Capital analyst M. Koranda expects that the brokerage will earn $0.33 per share for the year. Roth Capital currently has a “Buy” rating and a $12.00 target price on the stock. Roth Capital also issued estimates for Spartan Motors’ Q4 2016 earnings at $0.03 EPS, Q1 2017 earnings at $0.05 EPS, Q2 2017 earnings at $0.08 EPS, Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.10 EPS, FY2017 earnings at $0.35 EPS and FY2018 earnings at $0.62 EPS.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Spartan Motors had a negative net margin of 0.30% and a positive return on equity of 3.85%. The firm had revenue of $148.66 million for the quarter, compared to analyst estimates of $147.30 million. Spartan Motors’s revenue for the quarter was up 8.9% on a year-over-year basis.

Separately, Zacks Investment Research cut Spartan Motors from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 6th.

Spartan Motors (NASDAQ:SPAR) traded up 2.33% during trading on Friday, reaching $8.80. 29,506 shares of the company were exchanged. The stock’s market capitalization is $302.75 million. Spartan Motors has a 52-week low of $2.74 and a 52-week high of $10.50. The firm’s 50 day moving average is $9.12 and its 200 day moving average is $8.91.

Institutional investors have recently added to or reduced their stakes in the stock. Smith Asset Management Group LP acquired a new position in Spartan Motors during the second quarter valued at approximately $122,000. Bank of New York Mellon Corp boosted its position in Spartan Motors by 38.0% in the second quarter. Bank of New York Mellon Corp now owns 221,986 shares of the company’s stock valued at $1,390,000 after buying an additional 61,081 shares during the period. California State Teachers Retirement System acquired a new position in Spartan Motors during the second quarter valued at approximately $437,000. Emerald Acquisition Ltd. acquired a new position in Spartan Motors during the second quarter valued at approximately $364,000. Finally, Airain ltd acquired a new position in Spartan Motors during the second quarter valued at approximately $155,000. Institutional investors own 67.64% of the company’s stock.

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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