NASDAQ:SP - SP Plus Stock Price, News, & Analysis

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$28.91 +0.22 (+0.77 %)
(As of 12/12/2018 04:00 PM ET)
Previous Close$28.69
Today's Range$28.37 - $29.22
52-Week Range$27.83 - $41.70
Volume78,660 shs
Average Volume90,789 shs
Market Capitalization$666.98 million
P/E Ratio17.01
Dividend YieldN/A
Beta1.15
SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients' facilities or events. The company also offers a range of ancillary services, such as airport and municipal shuttle operations, valet services, and municipal meter revenue collection and enforcement services; ground transportation services, such as taxi and livery dispatch, concierge-type ground transportation information, and support services for arriving passengers; and remote parking management services. In addition, it provides facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; and multi-platform marketing services comprising SP+ branded Websites offering clients a platform for marketing their facilities, mobile apps, search marketing, email marketing, and social media campaigns. The company serves private and public owners, managers, and developers of office buildings, residential properties, commercial properties, shopping centers, other retail properties, sports and special event complexes, hotels, and hospitals and medical centers. As of December 31, 2017, it managed 3,623 parking facility locations containing approximately 2.0 million parking spaces in 350 cities; operated 76 parking-related service centers serving 70 airports; operated a fleet of approximately 700 shuttle buses; and operated 738 valet locations. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is based in Chicago, Illinois.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Automotive rental & leasing, without drivers
Sub-IndustryEnvironmental & Facilities Services
SectorConsumer Discretionary
Current SymbolNASDAQ:SP
Previous Symbol
CUSIP85379010
Phone312-274-2000

Debt

Debt-to-Equity Ratio0.24
Current Ratio0.84
Quick Ratio0.84

Price-To-Earnings

Trailing P/E Ratio17.01
Forward P/E Ratio13.02
P/E Growth1.32

Sales & Book Value

Annual Sales$1.59 billion
Price / Sales0.41
Cash Flow$2.5789 per share
Price / Cash Flow11.21
Book Value$13.90 per share
Price / Book2.08

Profitability

EPS (Most Recent Fiscal Year)$1.70
Net Income$41.20 million
Net Margins3.50%
Return on Equity14.51%
Return on Assets6.42%

Miscellaneous

Employees20,800
Outstanding Shares22,740,000
Market Cap$666.98 million
OptionableOptionable

SP Plus (NASDAQ:SP) Frequently Asked Questions

What is SP Plus' stock symbol?

SP Plus trades on the NASDAQ under the ticker symbol "SP."

How were SP Plus' earnings last quarter?

SP Plus Corp (NASDAQ:SP) posted its quarterly earnings data on Wednesday, October, 31st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.61 by $0.03. The business services provider earned $362.10 million during the quarter, compared to the consensus estimate of $190.74 million. SP Plus had a net margin of 3.50% and a return on equity of 14.51%. View SP Plus' Earnings History.

When is SP Plus' next earnings date?

SP Plus is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for SP Plus.

What price target have analysts set for SP?

2 analysts have issued 12-month target prices for SP Plus' stock. Their forecasts range from $43.00 to $48.00. On average, they expect SP Plus' share price to reach $45.50 in the next year. This suggests a possible upside of 57.4% from the stock's current price. View Analyst Price Targets for SP Plus.

What is the consensus analysts' recommendation for SP Plus?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SP Plus in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SP Plus.

What are Wall Street analysts saying about SP Plus stock?

Here are some recent quotes from research analysts about SP Plus stock:
  • 1. Barrington Research analysts commented, "We are raising our 2019 estimates to reflect the acquisition. Our 2019 adjusted EBITDA estimate is now $118.0 million, a 21% increase from our prior estimate. Our 2019 adjusted EPS estimate increases to $2.57, which is 9% higher than our previous forecast of $2.36. SP Plus has not given 2019 guidance yet, but plans to do so in February when it reports Q4/18 results. The lower percentage increase in our adjusted EPS estimate relative to our adjusted EBITDA estimate is due to anticipated increases in amortization expense and interest expense resulting from the Bags acquisition." (12/4/2018)
  • 2. According to Zacks Investment Research, "SP Plus Corporation provides professional parking, ground transportation, facility maintenance, security and event logistics services to property owners and managers in all markets of the real estate industry. The Company also provides a range of ancillary services, such as airport shuttle operations, taxi and livery dispatch services and municipal meter revenue collection and enforcement services. Its clients include owners of office building complexes, shopping centers, sports complexes, hotels, hospitals, and various airports. SP Plus Corporation, formerly known as Standard Parking Corporation, is based in United States. " (11/16/2018)

Has SP Plus been receiving favorable news coverage?

Headlines about SP stock have trended extremely positive on Wednesday, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. SP Plus earned a news sentiment score of 5.0 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.

Who are some of SP Plus' key competitors?

Who are SP Plus' key executives?

SP Plus' management team includes the folowing people:
  • Mr. G. Marc Baumann, Pres, CEO & Director (Age 62)
  • Mr. Vance Cushman Johnston, Exec. VP, CFO & Treasurer (Age 48)
  • Mr. John Ricchiuto, Exec. VP of Operations of Airport Division (Age 61)
  • Mr. Thomas L. Hagerman, Exec. VP of Southeast Operations (Age 57)
  • Mr. Robert M. Toy, Pres of Commercial Operations (Age 61)

Who are SP Plus' major shareholders?

SP Plus' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.91%), Vanguard Group Inc. (5.89%), Dimensional Fund Advisors LP (5.21%), Renaissance Technologies LLC (2.58%), Investment Counselors of Maryland LLC (2.13%) and Aristotle Capital Boston LLC (1.82%). Company insiders that own SP Plus stock include Cpc Rep LLC Kohlberg, G Marc Baumann, Gerard M Klaisle, John Ricchiuto, Robert S Roath, Thomas L Hagerman, Versa Capital Fund I, LP and Walter S Woltosz. View Institutional Ownership Trends for SP Plus.

Which institutional investors are selling SP Plus stock?

SP stock was sold by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., American Century Companies Inc., O Shaughnessy Asset Management LLC, TIAA CREF Investment Management LLC, Thompson Siegel & Walmsley LLC, Prudential Financial Inc., Citadel Advisors LLC and Wells Fargo & Company MN. Company insiders that have sold SP Plus company stock in the last year include G Marc Baumann, Gerard M Klaisle and Thomas L Hagerman. View Insider Buying and Selling for SP Plus.

Which institutional investors are buying SP Plus stock?

SP stock was bought by a variety of institutional investors in the last quarter, including WCM Investment Management CA, Dalton Greiner Hartman Maher & Co., FIL Ltd, BlackRock Inc., Amica Mutual Insurance Co., AXA, Amica Pension Fund Board of Trustees and Eagle Boston Investment Management Inc.. View Insider Buying and Selling for SP Plus.

How do I buy shares of SP Plus?

Shares of SP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is SP Plus' stock price today?

One share of SP stock can currently be purchased for approximately $28.91.

How big of a company is SP Plus?

SP Plus has a market capitalization of $666.98 million and generates $1.59 billion in revenue each year. The business services provider earns $41.20 million in net income (profit) each year or $1.70 on an earnings per share basis. SP Plus employs 20,800 workers across the globe.

What is SP Plus' official website?

The official website for SP Plus is http://www.spplus.com.

How can I contact SP Plus?

SP Plus' mailing address is 200 E. RANDOLPH STREET SUITE 7700, CHICAGO IL, 60601. The business services provider can be reached via phone at 312-274-2000 or via email at [email protected]


MarketBeat Community Rating for SP Plus (NASDAQ SP)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  149 (Vote Outperform)
Underperform Votes:  154 (Vote Underperform)
Total Votes:  303
MarketBeat's community ratings are surveys of what our community members think about SP Plus and other stocks. Vote "Outperform" if you believe SP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2018 by MarketBeat.com Staff

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