Headlines about SP Plus Corporation (NASDAQ:SP) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SP Plus Corporation earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.8552030035775 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Brokerages Set $39.00 Price Target for SP Plus Corporation (SP) (americanbankingnews.com)
- SP Plus Is Now Oversold (SP) (thestreet.com)
- SP Plus’ (SP) CEO Marc Baumann on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- SP Plus Corp. – Value Analysis (NASDAQ:SP) : November 3, 2017 (finance.yahoo.com)
- Edited Transcript of SP earnings conference call or presentation 2-Nov-17 3:00pm GMT (finance.yahoo.com)
A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th.
Shares of SP Plus Corporation (NASDAQ:SP) traded down $1.85 during midday trading on Friday, hitting $36.45. 197,409 shares of the stock were exchanged, compared to its average volume of 123,437. The stock has a market cap of $820.89, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.17 and a beta of 1.01. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.
SP Plus Corporation (NASDAQ:SP) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The firm had revenue of $392.70 million for the quarter, compared to the consensus estimate of $228.10 million. SP Plus Corporation had a net margin of 2.64% and a return on equity of 14.63%. analysts predict that SP Plus Corporation will post 1.68 earnings per share for the current year.
In related news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 36,936 shares in the company, valued at approximately $1,284,264.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by 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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