SP Plus Corporation (SP) Getting Somewhat Favorable Media Coverage, Study Finds

Headlines about SP Plus Corporation (NASDAQ:SP) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SP Plus Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.8720399562931 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

SP Plus Corporation (NASDAQ SP) opened at 41.05 on Thursday. The firm has a market cap of $911.39 million, a PE ratio of 23.84 and a beta of 1.00. The firm’s 50-day moving average is $38.23 and its 200 day moving average is $33.55. SP Plus Corporation has a 12-month low of $22.60 and a 12-month high of $41.25.

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, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.11. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%. The company had revenue of $415.40 million during the quarter, compared to the consensus estimate of $223.35 million. Equities research analysts predict that SP Plus Corporation will post $1.69 EPS for the current year.

In other news, Director Robert S. Roath sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total transaction of $2,433,900.00. Following the completion of the sale, the director now owns 36,936 shares of the company’s stock, valued at $1,284,264.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

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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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