Equities research analysts predict that SP Plus Corp (NASDAQ:SP) will announce $0.62 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SP Plus’ earnings, with estimates ranging from $0.61 to $0.62. SP Plus posted earnings of $0.57 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that SP Plus will report full year earnings of $2.79 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $3.01 per share, with EPS estimates ranging from $2.98 to $3.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover SP Plus.

SP Plus (NASDAQ:SP) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.11. SP Plus had a return on equity of 16.39% and a net margin of 3.03%. The firm had revenue of $418.60 million for the quarter, compared to analyst estimates of $231.35 million.

A number of brokerages have recently commented on SP. Barrington Research lifted their price target on SP Plus from $43.00 to $51.00 in a research note on Wednesday, November 6th. Zacks Investment Research lowered SP Plus from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. ValuEngine lowered SP Plus from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, BidaskClub lowered SP Plus from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 16th.

Shares of SP stock traded down $0.10 during mid-day trading on Monday, reaching $41.23. 341 shares of the stock traded hands, compared to its average volume of 63,908. The stock’s fifty day simple moving average is $42.71 and its two-hundred day simple moving average is $38.94. SP Plus has a 1-year low of $30.66 and a 1-year high of $47.33. The company has a market cap of $946.64 million, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.79.

In related news, insider Gerard M. Klaisle sold 8,000 shares of SP Plus stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $44.20, for a total value of $353,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Ricchiuto sold 5,411 shares of SP Plus stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $43.36, for a total value of $234,620.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,211 shares of company stock worth $765,415. 1.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of SP Plus by 1,770.6% in the second quarter. Bank of Montreal Can now owns 2,039 shares of the business services provider’s stock worth $65,000 after acquiring an additional 1,930 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of SP Plus by 16.9% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 6,570 shares of the business services provider’s stock worth $279,000 after acquiring an additional 949 shares during the period. Paloma Partners Management Co acquired a new position in shares of SP Plus in the second quarter worth approximately $237,000. Tocqueville Asset Management L.P. acquired a new position in shares of SP Plus in the third quarter worth approximately $403,000. Finally, Cubist Systematic Strategies LLC bought a new stake in SP Plus in the second quarter worth approximately $382,000. 94.05% of the stock is currently owned by institutional investors.

About SP Plus

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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