SP Plus Corporation (NASDAQ:SP) – Equities researchers at Barrington Research lifted their FY2017 earnings per share (EPS) estimates for shares of SP Plus Corporation in a research report issued to clients and investors on Friday. Barrington Research analyst K. Steinke now expects that the business services provider will earn $1.67 per share for the year, up from their prior forecast of $1.63. Barrington Research also issued estimates for SP Plus Corporation’s Q4 2017 earnings at $0.36 EPS.

Several other brokerages have also commented on SP. Zacks Investment Research raised shares of SP Plus Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Saturday, November 4th. BidaskClub lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, ValuEngine lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

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SP Plus Corporation (SP) opened at $37.45 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $843.40, a P/E ratio of 20.46, a P/E/G ratio of 2.20 and a beta of 1.01. SP Plus Corporation has a one year low of $27.05 and a one year high of $41.25.

SP Plus Corporation (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The business 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 14.29%.

In related news, major shareholder Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction that occurred on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SP. OxFORD Asset Management LLP acquired a new stake in SP Plus Corporation during the 2nd quarter valued at $2,185,000. Goldman Sachs Group Inc. grew its holdings in SP Plus Corporation by 45.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 31,601 shares of the business services provider’s stock valued at $965,000 after purchasing an additional 9,835 shares in the last quarter. Systematic Financial Management LP acquired a new stake in SP Plus Corporation during the 2nd quarter valued at $1,748,000. Martingale Asset Management L P grew its holdings in SP Plus Corporation by 9.4% during the 2nd quarter. Martingale Asset Management L P now owns 112,834 shares of the business services provider’s stock valued at $3,448,000 after purchasing an additional 9,717 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in SP Plus Corporation by 54.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 103,114 shares of the business services provider’s stock valued at $3,150,000 after purchasing an additional 36,309 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

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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