SP Plus (SP) Issues Earnings Results, Hits Estimates

SP Plus (NASDAQ:SP) released its earnings results on Wednesday. The business services provider reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40, Bloomberg Earnings reports. The business had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $223.40 million. SP Plus had a return on equity of 14.29% and a net margin of 2.64%.

Shares of SP Plus (NASDAQ SP) traded up $0.95 during trading hours on Friday, hitting $36.00. The stock had a trading volume of 125,553 shares, compared to its average volume of 125,874. SP Plus has a 52-week low of $28.10 and a 52-week high of $41.70. The company has a market capitalization of $806.24, a PE ratio of 18.26, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.50.

In other news, EVP Gerard M. Klaisle sold 7,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.15, for a total transaction of $286,125.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO G Marc Baumann sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on SP. BidaskClub raised SP Plus from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research cut SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, January 5th.

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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.

Earnings History for SP Plus (NASDAQ:SP)

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