SP Plus Corp (NASDAQ:SP) – Barrington Research raised their FY2019 earnings per share (EPS) estimates for shares of SP Plus in a note issued to investors on Wednesday, November 6th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $2.79 for the year, up from their prior forecast of $2.70. Barrington Research also issued estimates for SP Plus’ FY2020 earnings at $2.98 EPS.
SP Plus (NASDAQ:SP) last released its earnings results on Wednesday, October 30th. The business services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The company had revenue of $418.60 million during the quarter, compared to analysts’ expectations of $231.35 million. SP Plus had a net margin of 3.03% and a return on equity of 16.39%.
SP stock opened at $45.78 on Friday. The firm has a 50 day moving average of $39.27 and a 200 day moving average of $35.07. The stock has a market capitalization of $1.05 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.79. SP Plus has a 52 week low of $27.13 and a 52 week high of $47.33.
In other SP Plus news, insider Gerard M. Klaisle sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $36.91, for a total transaction of $46,137.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Marc Baumann sold 3,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $46.63, for a total transaction of $177,194.00. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of SP. Campbell & CO Investment Adviser LLC purchased a new position in shares of SP Plus during the 2nd quarter valued at approximately $207,000. North Star Investment Management Corp. increased its holdings in SP Plus by 11.3% in the 2nd quarter. North Star Investment Management Corp. now owns 65,975 shares of the business services provider’s stock worth $2,107,000 after acquiring an additional 6,700 shares in the last quarter. Bessemer Group Inc. increased its holdings in SP Plus by 5.2% in the 2nd quarter. Bessemer Group Inc. now owns 67,300 shares of the business services provider’s stock worth $2,149,000 after acquiring an additional 3,300 shares in the last quarter. James Investment Research Inc. increased its holdings in SP Plus by 20.7% in the 2nd quarter. James Investment Research Inc. now owns 17,020 shares of the business services provider’s stock worth $543,000 after acquiring an additional 2,920 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its holdings in SP Plus by 7.7% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 289,655 shares of the business services provider’s stock worth $9,249,000 after acquiring an additional 20,811 shares in the last quarter. 98.20% of the stock is owned by hedge funds and other 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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