SP Plus Corp (SP) Expected to Post Earnings of $0.38 Per Share
Brokerages expect SP Plus Corp (NASDAQ:SP) to report earnings per share of $0.38 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for SP Plus’ earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.39. SP Plus reported earnings per share of $0.28 during the same quarter last year, which indicates a positive year-over-year growth rate of 35.7%. The company is expected to issue its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that SP Plus will report full year earnings of $2.21 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $2.39 per share, with EPS estimates ranging from $2.33 to $2.44. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow SP Plus.
SP Plus (NASDAQ:SP) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $392.40 million during the quarter, compared to analyst estimates of $223.40 million. SP Plus had a net margin of 2.55% and a return on equity of 12.87%.
Shares of SP stock traded up $0.25 during mid-day trading on Wednesday, hitting $35.30. 4,668 shares of the stock traded hands, compared to its average volume of 108,905. The firm has a market cap of $793.42, a price-to-earnings ratio of 20.50, a PEG ratio of 1.59 and a beta of 1.10. SP Plus has a 52-week low of $28.10 and a 52-week high of $41.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 0.85.
In related news, insider Thomas L. Hagerman sold 833 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $36.20, for a total value of $30,154.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO G Marc Baumann sold 1,000 shares of the stock in a transaction that occurred on 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. In the last 90 days, insiders have sold 10,333 shares of company stock worth $389,780. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. WCM Investment Management CA grew its stake in shares of SP Plus by 164.2% during the 4th quarter. WCM Investment Management CA now owns 365,543 shares of the business services provider’s stock worth $13,562,000 after purchasing an additional 227,174 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of SP Plus by 16.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,067,822 shares of the business services provider’s stock worth $42,179,000 after purchasing an additional 153,730 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of SP Plus by 141.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 229,540 shares of the business services provider’s stock worth $8,516,000 after purchasing an additional 134,640 shares during the period. Renaissance Technologies LLC grew its stake in shares of SP Plus by 36.4% during the 4th quarter. Renaissance Technologies LLC now owns 474,200 shares of the business services provider’s stock worth $17,593,000 after purchasing an additional 126,608 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of SP Plus by 120.8% during the 3rd quarter. Wells Fargo & Company MN now owns 189,027 shares of the business services provider’s stock worth $7,466,000 after purchasing an additional 103,431 shares during the period. Institutional investors own 96.02% of the company’s stock.
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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.
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