SP Plus Corp (SP) Forecasted to Earn Q1 2018 Earnings of $0.36 Per Share

SP Plus Corp (NASDAQ:SP) – Analysts at William Blair raised their Q1 2018 earnings per share estimates for shares of SP Plus in a report issued on Thursday. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.32. William Blair also issued estimates for SP Plus’ Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.21 EPS and FY2019 earnings at $2.44 EPS.

SP has been the topic of several other research reports. BidaskClub upgraded shares of SP Plus from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Zacks Investment Research upgraded shares of SP Plus from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Saturday, November 4th.

SP Plus (SP) opened at $35.05 on Friday. The company has a market cap of $806.24, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.92 and a beta of 1.07. SP Plus has a twelve month low of $28.10 and a twelve month high of $41.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of SP. The Manufacturers Life Insurance Company boosted its position in shares of SP Plus by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,989 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 197 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of SP Plus by 3.0% during the 2nd quarter. Nationwide Fund Advisors now owns 13,736 shares of the business services provider’s stock valued at $420,000 after acquiring an additional 400 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of SP Plus by 2.0% during the 2nd quarter. Teachers Advisors LLC now owns 30,055 shares of the business services provider’s stock valued at $918,000 after acquiring an additional 577 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of SP Plus by 8.4% during the 2nd quarter. Voya Investment Management LLC now owns 11,965 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 925 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of SP Plus by 1.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 157,076 shares of the business services provider’s stock valued at $5,828,000 after acquiring an additional 1,607 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

In other SP Plus news, CEO G Marc Baumann sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.00, for a total value of $38,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gerard M. Klaisle sold 7,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.15, for a total transaction of $286,125.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

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SP Plus 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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