Spartan Motors Inc (NASDAQ: SPAR) has reported earnings for its second fiscal quarter (ending June 30) of $0.10 versus $0.11 for the same period a year ago — a decline of -9%. This performance was $-0.04 short of the consensus estimate of $0.14. For the latest four quarters through June 30, E.P.S. were $0.34 versus $0.68 for the same period a year ago — a decline of -50%.
Recent Price Action
On 8/1/19, Spartan Motors Inc (NASDAQ: SPAR) stock enjoyed a very large increase of 5.7%, closing at $12.70. Moreover, trading volume in this advance was exceptionally high at 338% of normal. The stock has risen 3.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SPAR is expected to continue to be a major Value Builder.
Spartan Motors has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Spartan Motors has a good Appreciation Score of 83 and a very high Power Rating of 90, resulting in the Highest Value Trend Rating.
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.