Equities research analysts expect that SP Plus Corp (NASDAQ:SP) will post earnings per share (EPS) of $0.67 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SP Plus’ earnings, with estimates ranging from $0.65 to $0.68. SP Plus reported earnings of $0.64 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The business is scheduled to announce its next earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that SP Plus will report full year earnings of $2.71 per share for the current year, with EPS estimates ranging from $2.70 to $2.71. For the next financial year, analysts expect that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.85 to $2.91. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for SP Plus.
SP Plus (NASDAQ:SP) last issued its earnings results on Wednesday, July 31st. The business services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $414.20 million during the quarter, compared to analysts’ expectations of $238.15 million. SP Plus had a net margin of 3.10% and a return on equity of 15.99%.
A number of equities analysts recently issued reports on the stock. BidaskClub cut shares of SP Plus from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of SP Plus from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Saturday, August 3rd. Barrington Research set a $43.00 price objective on shares of SP Plus and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, ValuEngine upgraded shares of SP Plus from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. OLD Second National Bank of Aurora bought a new stake in shares of SP Plus in the 1st quarter valued at $26,000. Investors Research Corp bought a new stake in shares of SP Plus in the 1st quarter valued at $27,000. Public Employees Retirement System of Ohio boosted its stake in shares of SP Plus by 57.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,279 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 467 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of SP Plus by 1,770.6% in the 2nd quarter. Bank of Montreal Can now owns 2,039 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of SP Plus by 18.2% in the 4th quarter. Legal & General Group Plc now owns 4,234 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.
SP stock opened at $34.93 on Wednesday. The company has a 50 day simple moving average of $33.94 and a 200 day simple moving average of $33.65. The stock has a market cap of $780.03 million, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.04. SP Plus has a 1 year low of $27.13 and a 1 year high of $41.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.59 and a quick ratio of 0.59.
SP Plus Company Profile
SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.
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