SP Plus (SP) Scheduled to Post Quarterly Earnings on Wednesday

SP Plus (NASDAQ:SP) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 31st. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

SP Plus (NASDAQ:SP) last issued its earnings results on Tuesday, July 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $362.20 million during the quarter, compared to analysts’ expectations of $191.95 million. SP Plus had a return on equity of 14.06% and a net margin of 3.28%. On average, analysts expect SP Plus to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SP stock opened at $31.29 on Tuesday. The stock has a market capitalization of $715.75 million, a PE ratio of 18.41, a P/E/G ratio of 1.39 and a beta of 0.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.30. SP Plus has a 1-year low of $30.49 and a 1-year high of $41.70.

In related news, insider Thomas L. Hagerman sold 3,918 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $39.25, for a total transaction of $153,781.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Marc Baumann sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $36.50, for a total value of $36,500.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Barrington Research reissued a “buy” rating and issued a $43.00 price target on shares of SP Plus in a research note on Friday, October 19th. BidaskClub raised SP Plus from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut SP Plus from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Sidoti decreased their price target on SP Plus from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Finally, ValuEngine cut SP Plus from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. SP Plus currently has a consensus rating of “Hold” and an average price target of $44.00.

SP Plus Company Profile

SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients' facilities or events.

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Earnings History for SP Plus (NASDAQ:SP)

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