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.
Industry, Sector and Symbol
Industry Automotive rental & leasing, without drivers
Sub-IndustryEnvironmental & Facilities Services
SectorConsumer Discretionary
SymbolNASDAQ:SP
CUSIP85379010
Phone312-274-2000
Debt
Debt-to-Equity Ratio0.38
Current Ratio0.88
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio22.97
Forward P/E Ratio17.21
P/E Growth1.92
Sales & Book Value
Annual Sales$1.59 billion
Price / Sales0.55
Cash Flow$2.6125 per share
Price / Cash14.89
Book Value$13.90 per share
Price / Book2.80
Profitability
EPS (Most Recent Fiscal Year)$1.70
Net Income$41.20 million
Net Margins3.22%
Return on Equity13.16%
Return on Assets5.33%
Miscellaneous
Employees20,800
Outstanding Shares22,640,000
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) issued its quarterly earnings data on Wednesday, May, 2nd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.39. The business services provider earned $366.80 million during the quarter, compared to analysts' expectations of $230.80 million. SP Plus had a return on equity of 13.16% and a net margin of 3.22%. View SP Plus' Earnings History.
When is SP Plus' next earnings date?
What price target have analysts set for SP?
1 brokers have issued 1 year price targets for SP Plus' shares. Their forecasts range from $42.00 to $42.00. On average, they anticipate SP Plus' stock price to reach $42.00 in the next year. 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. 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. " (5/26/2018)
- 2. Barrington Research analysts commented, "We maintain our 12-month price target of $42, which assumes an EV/NTM EBITDA multiple of 10x compared to the current multiple of 9.9x (based on our estimates). Our investment rating is OUTPERFORM. Opinion OUTPERFORM (12 mo) $42 15% LT EPS Cap (mil) $823 Enterprise Value (mil) $940 Shares Outstanding (mil) 22.6 Volume 93,723 Financial / Valuation ROE (non-GAAP) 13.5% LT Debt/Capital 30.6% EV/EBITDA (LTM) 10.3x Kevin M. Steinke, CFA (312) 634-6392 FactSet Research Systems Gross Profit ($ mil)(est. In Adjusted EPS ($)(est." (5/9/2018)
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. Thomas L. Hagerman, Exec. VP of Southeast Operations (Age 57)
- Mr. Robert M. Toy, Pres of Commercial Operations (Age 61)
- Mr. Gerard M. Klaisle, Exec. VP & Chief Admin. Officer (Age 64)
Has SP Plus been receiving favorable news coverage?
Media coverage about SP stock has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SP Plus earned a news impact score of 0.17 on Accern's scale. They also gave news coverage about the business services provider an impact score of 45.51 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are SP Plus' major shareholders?
SP Plus' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.37%), P2 Capital Partners LLC (4.96%), Dimensional Fund Advisors LP (4.87%), Bernzott Capital Advisors (3.79%), Nuveen Asset Management LLC (3.44%) and Wedge Capital Management L L P NC (1.93%). Company insiders that own SP Plus stock include Cpc Rep LLC Kohlberg, G Marc Baumann, Gerard M Klaisle, James A Wilhelm, John Ricchiuto, Robert S Roath, Thomas L Hagerman, Versa Capital Fund I, LP, Walter S Woltosz and William H Bodenhamer. View Institutional Ownership Trends for SP Plus.
Which major investors are selling SP Plus stock?
SP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Principal Financial Group Inc., Principal Financial Group Inc., Alambic Investment Management L.P., Millennium Management LLC, Smith Asset Management Group LP, WCM Investment Management CA and Wedge Capital Management L L P NC. Company insiders that have sold SP Plus company stock in the last year include G Marc Baumann, Gerard M Klaisle, Robert S Roath, Thomas L Hagerman and Walter S Woltosz. View Insider Buying and Selling for SP Plus.
Which major investors are buying SP Plus stock?
SP stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Lord Abbett & CO. LLC, O Shaughnessy Asset Management LLC, Granite Investment Partners LLC, Sei Investments Co., Seizert Capital Partners LLC, Citadel Advisors LLC and Segall Bryant & Hamill LLC. 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 $39.05.
How big of a company is SP Plus?
SP Plus has a market capitalization of $881.70 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.
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 (SP)
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.
