SP Plus (SP) Given Media Sentiment Rating of 0.05
Press coverage about SP Plus (NASDAQ:SP) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SP Plus earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 47.7066647547464 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Greenwich hires parking consultant (greenwichtime.com)
- Greenwich Launches Independent Parking Services Review (patch.com)
- Horrific deaths, brutal treatment: Mental illness in America’s jails (dailypress.com)
- The Power Transformers Market Forecast 2018-2028 (bizjournals.com)
- Paper Packaging Market Report 2018-2028 (bizjournals.com)
SP has been the topic of a number of research reports. BidaskClub lowered shares of SP Plus from a “hold” rating to a “sell” rating in a research note on Thursday, May 24th. Zacks Investment Research lowered shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. Barrington Research reissued a “buy” rating and issued a $42.00 target price on shares of SP Plus in a research note on Wednesday, May 9th. Finally, ValuEngine raised shares of SP Plus from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th.
SP Plus (NASDAQ:SP) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.07. The business had revenue of $362.20 million during the quarter, compared to the consensus estimate of $191.95 million. SP Plus had a net margin of 3.28% and a return on equity of 14.06%. analysts predict that SP Plus will post 2.27 EPS for the current fiscal year.
In related news, insider Thomas L. Hagerman sold 3,918 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $39.25, for a total transaction of $153,781.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Marc Baumann sold 1,000 shares of the business’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $36.95, for a total transaction of $36,950.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
SP Plus Company Profile
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.
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