SP Plus Corporation (NASDAQ:SP) – Equities research analysts at William Blair issued their Q1 2018 earnings per share estimates for SP Plus Corporation in a research note issued to investors on Monday. William Blair analyst T. Mulrooney anticipates that the business services provider will earn $0.32 per share for the quarter. William Blair also issued estimates for SP Plus Corporation’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.53 EPS and Q4 2018 earnings at $0.53 EPS.

A number of other analysts also recently weighed in on the stock. BidaskClub raised shares of SP Plus Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. ValuEngine downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of SP Plus Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Saturday, November 4th.

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Shares of SP Plus Corporation (NASDAQ:SP) opened at $38.80 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.50. SP Plus Corporation has a 1-year low of $27.05 and a 1-year high of $41.25. The company has a market cap of $853.53, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.23 and a beta of 1.01.

SP Plus Corporation (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. SP Plus Corporation had a net margin of 2.64% and a return on equity of 14.29%. The firm had revenue of $392.70 million during the quarter, compared to analyst estimates of $228.10 million.

Several hedge funds have recently added to or reduced their stakes in SP. US Bancorp DE grew its stake in SP Plus Corporation by 3.1% in the second quarter. US Bancorp DE now owns 3,329 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in SP Plus Corporation by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,989 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 197 shares during the last quarter. Legal & General Group Plc grew its stake in SP Plus Corporation by 5.0% in the second quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 200 shares during the last quarter. Russell Investments Group Ltd. grew its stake in SP Plus Corporation by 3.5% in the second quarter. Russell Investments Group Ltd. now owns 10,330 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 348 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in SP Plus Corporation by 3.0% in the second quarter. Nationwide Fund Advisors now owns 13,736 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

In other SP Plus Corporation news, major shareholder Walter S. Woltosz sold 18,500 shares of SP Plus Corporation stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

SP Plus Corporation 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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