SP Plus Corporation (SP) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about SP Plus Corporation (NASDAQ:SP) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SP Plus Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.8910083822751 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several research analysts have recently commented on the company. BidaskClub lowered SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, ValuEngine lowered SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

SP Plus Corporation (NASDAQ:SP) opened at 40.00 on Friday. The firm has a market cap of $888.08 million, a PE ratio of 23.23 and a beta of 1.00. SP Plus Corporation has a 12 month low of $22.60 and a 12 month high of $41.25. The company has a 50-day moving average price of $38.98 and a 200 day moving average price of $34.02.

SP Plus Corporation (NASDAQ:SP) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.11. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%. The company had revenue of $415.40 million during the quarter, compared to the consensus estimate of $223.35 million. Equities research analysts anticipate that SP Plus Corporation will post $1.69 EPS for the current year.

In related news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total transaction of $2,433,900.00. Following the completion of the transaction, the director now owns 36,936 shares in the company, valued at $1,284,264.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for SP Plus Corporation (NASDAQ:SP)

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