News articles about SP Plus (NASDAQ:SP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SP Plus earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.2845447009464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Atlanta Braves Breakout Prospects for 2018 (talkingchop.com)
- Wirtgen Technology Days packed with demos including SP 64i slipform paver with fastest mobilization time in industry (equipmentworld.com)
- Orioles on deck: What to watch Sunday vs. Twins, plus lineups, broadcast info and more (carrollcountytimes.com)
- ‘Data analytica’ by students? What probe into Plus Two paper leak revealed (english.manoramaonline.com)
- SP Plus (SP) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
A number of equities research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $42.00 price target (up previously from $39.00) on shares of SP Plus in a research note on Monday, March 5th. BidaskClub upgraded SP Plus from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded SP Plus from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Saturday, February 24th.
SP Plus (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $392.40 million during the quarter, compared to the consensus estimate of $223.40 million. SP Plus had a net margin of 2.55% and a return on equity of 12.87%. equities research analysts expect that SP Plus will post 2.21 EPS for the current year.
In related news, insider Thomas L. Hagerman sold 833 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $36.20, for a total value of $30,154.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Marc Baumann sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. The disclosure for this sale can be found here. Insiders have sold 9,333 shares of company stock valued at $354,280 in the last ninety days. Insiders own 1.40% of the company’s stock.
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About SP Plus
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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