Brokerages expect SP Plus Corp (NASDAQ:SP) to report earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for SP Plus’ earnings, with estimates ranging from $0.44 to $0.48. SP Plus reported earnings per share of $0.40 during the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is expected to issue its next earnings results on Wednesday, February 20th.

On average, analysts expect that SP Plus will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.24. For the next fiscal year, analysts anticipate that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.57 to $2.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for SP Plus.

SP Plus (NASDAQ:SP) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. SP Plus had a net margin of 3.50% and a return on equity of 14.51%. The business had revenue of $362.10 million during the quarter, compared to analyst estimates of $190.74 million.

Several brokerages have commented on SP. BidaskClub lowered shares of SP Plus from a “hold” rating to a “sell” rating in a report on Friday, September 14th. Sidoti lowered their price objective on shares of SP Plus from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, October 10th. Barrington Research set a $43.00 target price on shares of SP Plus and gave the company a “buy” rating in a report on Wednesday, November 14th. Zacks Investment Research lowered shares of SP Plus from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, ValuEngine lowered shares of SP Plus from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.00.

In other news, CEO G Marc Baumann sold 1,000 shares of SP Plus stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $36.50, for a total transaction of $36,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ramsey Quantitative Systems grew its position in SP Plus by 102.5% in the 3rd quarter. Ramsey Quantitative Systems now owns 4,539 shares of the business services provider’s stock worth $166,000 after purchasing an additional 2,297 shares during the period. Amica Retiree Medical Trust bought a new stake in SP Plus in the 3rd quarter worth approximately $217,000. Metropolitan Life Insurance Co. NY grew its position in SP Plus by 30.5% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,462 shares of the business services provider’s stock worth $278,000 after purchasing an additional 1,744 shares during the period. We Are One Seven LLC bought a new stake in SP Plus in the 3rd quarter worth approximately $285,000. Finally, MetLife Investment Advisors LLC grew its position in SP Plus by 21.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 10,567 shares of the business services provider’s stock worth $393,000 after purchasing an additional 1,884 shares during the period. 97.61% of the stock is owned by institutional investors.

Shares of SP opened at $28.86 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. SP Plus has a one year low of $27.83 and a one year high of $41.70. The stock has a market capitalization of $653.79 million, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.29 and a beta of 1.14.

About SP Plus

SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients' facilities or events.

See Also: Return on Investment (ROI)

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Earnings History and Estimates for SP Plus (NASDAQ:SP)

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