Somewhat Positive Press Coverage Somewhat Unlikely to Impact Spartan Motors (SPAR) Stock Price
News coverage about Spartan Motors (NASDAQ:SPAR) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4797216808148 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.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Spartan Motors To Reveal New Technology Enhancements To Its Spartan Advanced Protection System® At FDIC International (finance.yahoo.com)
- Spartan Motors (SPAR) Downgraded by BidaskClub to Buy (americanbankingnews.com)
- /C O R R E C T I O N — Spartan Motors, Inc./ (finance.yahoo.com)
- Spartan Motors (SPAR) Downgraded by BidaskClub to Hold (americanbankingnews.com)
- SMDC History: First SPARTAN Launch (army.mil)
A number of research analysts have recently weighed in on SPAR shares. Zacks Investment Research raised shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, March 13th. Roth Capital reissued a “buy” rating on shares of Spartan Motors in a research note on Friday, March 2nd. ValuEngine raised shares of Spartan Motors from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BidaskClub raised shares of Spartan Motors from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Spartan Motors in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.00.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Spartan Motors had a net margin of 2.25% and a return on equity of 9.32%. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $174.09 million. During the same period last year, the company posted $0.04 EPS. The company’s revenue was up 24.2% on a year-over-year basis. equities analysts expect that Spartan Motors will post 0.61 earnings per share for the current fiscal year.
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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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