SP Plus Corporation (SP) Getting Somewhat Favorable Press Coverage, Report Shows
Press coverage about SP Plus Corporation (NASDAQ:SP) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SP Plus Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.4275903174935 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of SP Plus Corporation (NASDAQ:SP) opened at 37.40 on Monday. The stock has a 50 day moving average price of $36.03 and a 200 day moving average price of $32.86. The firm has a market capitalization of $830.35 million, a PE ratio of 21.72 and a beta of 0.97. SP Plus Corporation has a 12-month low of $22.60 and a 12-month high of $38.55.
SP Plus Corporation (NASDAQ:SP) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.11. The business had revenue of $415.40 million during the quarter, compared to the consensus estimate of $223.35 million. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%. Analysts predict that SP Plus Corporation will post $1.69 EPS for the current fiscal year.
SP has been the subject of a number of recent research reports. Zacks Investment Research cut SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised SP Plus Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, BidaskClub cut SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st.
In other news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.77, for a total transaction of $2,433,900.00. Following the completion of the transaction, the director now directly owns 36,936 shares in the company, valued at $1,284,264.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.
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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