Analysts See $0.42 EPS for SP Plus Corp (SP)

October 13, 2017 - By Dolores Ford

 Analysts See $0.42 EPS for SP Plus Corp (SP)
Investors sentiment increased to 3.38 in 2017 Q2. Its up 1.67, from 1.71 in 2017Q1. It increased, as 11 investors sold SP Plus Corp shares while 21 reduced holdings. 43 funds opened positions while 65 raised stakes. 42.21 million shares or 155.45% more from 16.52 million shares in 2017Q1 were reported.
Swiss Financial Bank reported 0% in SP Plus Corp (NASDAQ:SP). Comerica Bank & Trust invested in 0.01% or 61,476 shares. Nationwide Fund Advsrs holds 13,736 shares. Vident Invest Advisory Ltd Liability Com holds 9,639 shares. State Street holds 349,368 shares. Bogle Invest Mngmt L P De holds 0.08% of its portfolio in SP Plus Corp (NASDAQ:SP) for 34,623 shares. Moreover, Comml Bank Of Ny Mellon Corporation has 0% invested in SP Plus Corp (NASDAQ:SP). Tudor Et Al has invested 0.01% in SP Plus Corp (NASDAQ:SP). Parametric Portfolio Ltd Liability Corp holds 0% or 91,533 shares in its portfolio. Renaissance Limited Company holds 0.02% or 428,500 shares. Driehaus Limited Liability owns 13,903 shares. Secor Capital Limited Partnership invested in 0.02% or 6,943 shares. Voya Inv Mngmt Ltd Limited Liability Company invested in 11,965 shares or 0% of the stock. Schwab Charles Invest Mgmt has invested 0.01% in SP Plus Corp (NASDAQ:SP). Strs Ohio holds 22,300 shares.

Analysts await SP Plus Corp (NASDAQ:SP) to report earnings on November, 1. They expect $0.42 earnings per share, up 13.51 % or $0.05 from last year’s $0.37 per share. SP’s profit will be $9.45M for 24.11 P/E if the $0.42 EPS becomes a reality. After $0.53 actual earnings per share reported by SP Plus Corp for the previous quarter, Wall Street now forecasts -20.75 % negative EPS growth. The stock decreased 0.74% or $0.3 during the last trading session, reaching $40.5. About 90,358 shares traded. SP Plus Corp (NASDAQ:SP) has risen 33.01% since October 14, 2016 and is uptrending. It has outperformed by 16.31% the S&P500.

SP Plus Corp (NASDAQ:SP) Ratings Coverage

Among 2 analysts covering SP Plus (NASDAQ:SP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SP Plus had 2 analyst reports since September 4, 2015 according to SRatingsIntel. Barrington Research maintained the stock with “Outperform” rating in Monday, November 9 report. The firm has “Buy” rating by UBS given on Friday, September 4.

SP Plus Corporation 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 has market cap of $911.56 million. The Company’s divisions include Region One (Urban), Region Two (Airport transportation), Region Three and Other. It has a 23.46 P/E ratio. Region One (Urban) encompasses its services in healthcare facilities, municipalities, including government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services such as shuttle and transportation services, valet services, taxi and livery dispatch services.

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