Spartan Motors (SPAR) Earning Somewhat Positive News Coverage, Study Finds

Media stories about Spartan Motors (NASDAQ:SPAR) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spartan Motors earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.1288461090934 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Spartan Motors (SPAR) remained flat at $$17.05 on Tuesday. The stock had a trading volume of 74,102 shares, compared to its average volume of 259,163. The firm has a market cap of $612.32, a PE ratio of 37.67, a PEG ratio of 1.92 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Spartan Motors has a one year low of $6.65 and a one year high of $18.35.

Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $174.09 million. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. equities analysts forecast that Spartan Motors will post 0.61 EPS for the current year.

SPAR has been the subject of several research reports. BidaskClub downgraded Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Spartan Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Seaport Global Securities reiterated a “buy” rating on shares of Spartan Motors in a research note on Tuesday, January 16th. Sidoti initiated coverage on Spartan Motors in a research note on Friday, December 1st. They set a “buy” rating for the company. Finally, ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.50.

In related news, insider John W. Slawson sold 21,191 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the sale, the insider now owns 111,165 shares of the company’s stock, valued at approximately $1,714,164.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.72% of the company’s stock.

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About Spartan Motors

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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