SP Plus Corp (NASDAQ:SP) – Equities research analysts at William Blair upped their Q1 2018 earnings per share estimates for SP Plus in a research note issued on Thursday. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings per share of $0.36 for the quarter, up from their previous forecast of $0.32. William Blair also issued estimates for SP Plus’ Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.21 EPS and FY2019 earnings at $2.44 EPS.
SP Plus (NASDAQ:SP) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. SP Plus had a net margin of 2.55% and a return on equity of 13.11%. The firm had revenue of $392.40 million for the quarter, compared to analyst estimates of $223.40 million.
Several other equities analysts have also commented on SP. Zacks Investment Research raised shares of SP Plus from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Saturday. BidaskClub lowered shares of SP Plus from a “buy” rating to a “hold” rating in a report on Saturday, November 4th.
SP Plus (NASDAQ SP) opened at $36.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. SP Plus has a 1-year low of $28.10 and a 1-year high of $41.70. The company has a market cap of $832.72, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07.
Several institutional investors and hedge funds have recently bought and sold shares of SP. Envestnet Asset Management Inc. acquired a new stake in SP Plus during the 4th quarter worth approximately $120,000. We Are One Seven LLC acquired a new stake in SP Plus during the 4th quarter worth approximately $320,000. MetLife Investment Advisors LLC acquired a new stake in SP Plus during the 4th quarter worth approximately $322,000. Gotham Asset Management LLC boosted its position in SP Plus by 27.0% during the 4th quarter. Gotham Asset Management LLC now owns 88,978 shares of the business services provider’s stock worth $3,301,000 after buying an additional 18,892 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in SP Plus by 13.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 36,970 shares of the business services provider’s stock worth $1,372,000 after buying an additional 4,491 shares during the period. Institutional investors own 96.12% of the company’s stock.
In other news, CEO G Marc Baumann sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.00, for a total value of $38,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gerard M. Klaisle sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.15, for a total transaction of $286,125.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
SP Plus Company Profile
SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.
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