Wall Street analysts expect SP Plus Corporation (NASDAQ:SP) to post sales of $223.35 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SP Plus Corporation’s earnings, with the lowest sales estimate coming in at $220.70 million and the highest estimate coming in at $226.00 million. SP Plus Corporation posted sales of $402.60 million during the same quarter last year, which suggests a negative year over year growth rate of 44.5%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, August 1st.

On average, analysts expect that SP Plus Corporation will report full-year sales of $223.35 million for the current financial year, with estimates ranging from $880.50 million to $892.60 million. For the next fiscal year, analysts anticipate that the firm will post sales of $905.49 million per share, with estimates ranging from $897.57 million to $913.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow SP Plus Corporation.

SP Plus Corporation (NASDAQ:SP) last announced its earnings results on Tuesday, May 2nd. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $414.50 million for the quarter, compared to the consensus estimate of $228.46 million. SP Plus Corporation had a net margin of 1.78% and a return on equity of 12.70%.

SP has been the topic of a number of research reports. Zacks Investment Research raised SP Plus Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub lowered SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, ValuEngine raised SP Plus Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 9th.

Shares of SP Plus Corporation (SP) traded down 0.95% during mid-day trading on Friday, reaching $31.30. 272,421 shares of the company’s stock traded hands. The company has a 50 day moving average of $29.59 and a 200 day moving average of $30.58. SP Plus Corporation has a 12 month low of $22.47 and a 12 month high of $38.55. The company has a market cap of $693.76 million, a price-to-earnings ratio of 24.06 and a beta of 1.00.

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In related news, major shareholder Cpc Rep L.L.C. Kohlberg sold 2,625,415 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $29.20, for a total value of $76,662,118.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Dudley & Shanley LLC raised its stake in shares of SP Plus Corporation by 33.9% in the second quarter. Dudley & Shanley LLC now owns 11,850 shares of the business services provider’s stock valued at $362,000 after buying an additional 3,000 shares in the last quarter. Atria Investments LLC raised its stake in shares of SP Plus Corporation by 1.5% in the second quarter. Atria Investments LLC now owns 9,425 shares of the business services provider’s stock valued at $288,000 after buying an additional 143 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of SP Plus Corporation by 36.9% in the first quarter. Nuveen Asset Management LLC now owns 331,891 shares of the business services provider’s stock valued at $11,201,000 after buying an additional 89,455 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of SP Plus Corporation by 19.2% in the first quarter. Goldman Sachs Group Inc. now owns 21,766 shares of the business services provider’s stock valued at $735,000 after buying an additional 3,505 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of SP Plus Corporation during the first quarter valued at about $2,664,000. 74.04% of the stock is owned by hedge funds and other institutional investors.

SP Plus Corporation 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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