Spartan Motors (NASDAQ:SPAR) updated its FY 2018 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.42-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.63. The company issued revenue guidance of $790-815 million, compared to the consensus revenue estimate of $800.38 million.Spartan Motors also updated its FY18 guidance to $0.42-0.48 EPS.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Spartan Motors from a sell rating to a strong sell rating in a report on Thursday, July 26th. ValuEngine downgraded shares of Spartan Motors from a buy rating to a hold rating in a report on Friday, August 10th. Finally, Zacks Investment Research downgraded shares of Spartan Motors from a buy rating to a hold rating in a report on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $19.00.
Shares of NASDAQ:SPAR traded down $4.49 during trading on Wednesday, reaching $6.73. The company’s stock had a trading volume of 2,547,668 shares, compared to its average volume of 246,437. The company has a current ratio of 1.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. Spartan Motors has a 12 month low of $6.70 and a 12 month high of $19.45. The company has a market cap of $388.51 million, a price-to-earnings ratio of 16.37 and a beta of 0.55.
In related news, insider Stephen K. Guillaume sold 4,144 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $15.23, for a total value of $63,113.12. Following the completion of the transaction, the insider now owns 63,429 shares of the company’s stock, valued at approximately $966,023.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.22% of the stock is currently owned by company insiders.
About Spartan Motors
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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