SP Plus Corporation (SP) to Release Earnings on Wednesday
SP Plus Corporation (NASDAQ:SP) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect SP Plus Corporation to post earnings of $0.42 per share for the quarter.
SP Plus Corporation (NASDAQ:SP) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.11. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%. The firm had revenue of $415.40 million for the quarter, compared to analyst estimates of $223.35 million. On average, analysts expect SP Plus Corporation to post $1.69 EPS for the current fiscal year and $1.87 EPS for the next fiscal year.
SP Plus Corporation (SP) opened at 40.05 on Wednesday. SP Plus Corporation has a one year low of $22.60 and a one year high of $41.25. The firm has a 50-day moving average price of $38.91 and a 200-day moving average price of $33.98. The firm has a market capitalization of $889.19 million, a price-to-earnings ratio of 23.26 and a beta of 0.99.
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A number of analysts have issued reports on SP shares. Zacks Investment Research downgraded SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine downgraded SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st.
In other news, Director Robert S. Roath sold 70,000 shares of SP Plus Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $34.77, for a total value of $2,433,900.00. Following the completion of the transaction, the director now directly owns 36,936 shares in the company, valued at $1,284,264.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.
About SP Plus Corporation
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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