Equities research analysts at StockNews.com started coverage on shares of SP Plus (NASDAQ:SP – Get Free Report) in a report issued on Friday. The brokerage set a “hold” rating on the business services provider’s stock.
SP Plus Price Performance
SP stock opened at $53.99 on Friday. The company has a 50 day simple moving average of $53.98 and a 200 day simple moving average of $52.42. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 35.52 and a beta of 1.22. SP Plus has a 1 year low of $34.17 and a 1 year high of $54.42. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.73 and a quick ratio of 0.73.
SP Plus (NASDAQ:SP – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.06). SP Plus had a net margin of 1.68% and a return on equity of 21.93%. The business had revenue of $222.10 million during the quarter, compared to analyst estimates of $229.00 million. Research analysts anticipate that SP Plus will post 3.5 EPS for the current fiscal year.
Institutional Investors Weigh In On SP Plus
About SP Plus
SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.
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