Equities analysts expect that SP Plus Corporation (NASDAQ:SP) will post $228.10 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for SP Plus Corporation’s earnings. The lowest sales estimate is $227.00 million and the highest is $229.20 million. SP Plus Corporation reported sales of $409.10 million in the same quarter last year, which indicates a negative year over year growth rate of 44.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that SP Plus Corporation will report full-year sales of $228.10 million for the current year, with estimates ranging from $906.70 million to $914.70 million. For the next year, analysts forecast that the firm will post sales of $921.08 million per share, with estimates ranging from $914.80 million to $927.35 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow SP Plus Corporation.

SP Plus Corporation (NASDAQ:SP) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.11. The firm had revenue of $415.40 million for the quarter, compared to analyst estimates of $223.35 million. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%.

SP has been the subject of a number of analyst reports. Zacks Investment Research raised shares of SP Plus Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, August 4th. ValuEngine raised shares of SP Plus Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of SP Plus Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th.

Shares of SP Plus Corporation (NASDAQ:SP) opened at 39.50 on Friday. The firm has a market cap of $876.98 million, a price-to-earnings ratio of 22.94 and a beta of 0.97. SP Plus Corporation has a 1-year low of $22.60 and a 1-year high of $39.80. The company’s 50-day moving average is $36.28 and its 200 day moving average is $32.91.

In other SP Plus Corporation news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total value of $2,433,900.00. Following the completion of the transaction, the director now directly owns 36,936 shares of the company’s stock, valued at $1,284,264.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. US Bancorp DE grew its position in shares of SP Plus Corporation by 2.7% during the 1st quarter. US Bancorp DE now owns 3,229 shares of the business services provider’s stock worth $109,000 after buying an additional 84 shares during the period. Ngam Advisors L.P. grew its position in shares of SP Plus Corporation by 0.6% during the 1st quarter. Ngam Advisors L.P. now owns 18,234 shares of the business services provider’s stock worth $615,000 after buying an additional 108 shares during the period. Atria Investments LLC grew its position in shares of SP Plus Corporation by 1.5% during the 2nd quarter. Atria Investments LLC now owns 9,425 shares of the business services provider’s stock worth $288,000 after buying an additional 143 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of SP Plus Corporation by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,989 shares of the business services provider’s stock worth $428,000 after buying an additional 197 shares during the period. Finally, Legal & General Group Plc grew its position in shares of SP Plus Corporation by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock worth $129,000 after buying an additional 200 shares during the period. Institutional investors own 94.68% of the company’s stock.

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About SP Plus Corporation

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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