Somewhat Favorable News Coverage Somewhat Unlikely to Affect Spartan Motors (SPAR) Share Price
News headlines about Spartan Motors (NASDAQ:SPAR) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Spartan Motors earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.3578208338533 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Credit Suisse AG Has $939000 Stake in SeaWorld Entertainment, Inc. (SEAS) (currenthollywood.com)
- Spartan Motors, Inc. (SPAR) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Zacks Investment Research Upgrades Spartan Motors, Inc. (SPAR) to Buy (americanbankingnews.com)
- Spartan Motors, Inc. (SPAR) Stock Rating Lowered by TheStreet (americanbankingnews.com)
- Spartan Motors, Inc. breached its 50 day moving average in a Bearish Manner : SPAR-US : August 25, 2017 (finance.yahoo.com)
Several research analysts recently weighed in on SPAR shares. TheStreet upgraded shares of Spartan Motors from a “c” rating to a “b-” rating in a report on Monday, May 15th. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Saturday, May 6th. Roth Capital set a $12.00 price target on shares of Spartan Motors and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, BidaskClub cut shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Spartan Motors has an average rating of “Buy” and a consensus target price of $10.58.
Spartan Motors (NASDAQ SPAR) traded up 2.22% on Thursday, reaching $9.20. 115,160 shares of the company traded hands. The company has a market capitalization of $322.86 million, a PE ratio of 85.98 and a beta of 1.11. The stock’s 50 day moving average price is $8.90 and its 200 day moving average price is $8.28. Spartan Motors has a one year low of $6.30 and a one year high of $10.50.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $169.70 million during the quarter, compared to analyst estimates of $167.83 million. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. Spartan Motors’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. On average, equities research analysts predict that Spartan Motors will post $0.50 EPS for the current fiscal year.
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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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