Streetbeat News

SP Plus Corp

https://www.spplus.com/

CEO

G. Marc Baumann

Employees

3,508

as an industry leader, sp plus corporation (nasdaq:sp) provides professional parking, ground transportation, facility maintenance, security and event logistics services to property owners and managers in a wide array of markets. through our sp+ parking, standard parking and central parking brands, we currently operate thousands of parking facilities containing over two million parking spaces in hundreds of cities across the united states and canada.

Open

53.98

Mkt cap

1.1B

Volume

524K

High

54.00

P/E Ratio

35.29

52-wk high

54.42

Low

53.98

Div yield

N/A

52-wk low

34.17

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

SP Plus (NASDAQ:SP) reported Q1 2024 earnings of $0.61 per share, missing the consensus estimate of $0.67. Sales were $222.1M, also below the $229M estimate, marking a 2.68% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:10 pm

The article highlights the top 3 industrials stocks considered oversold in April, based on their RSI values being near or below 30. ChargePoint Holdings, Inc. (CHPT) was downgraded by Goldman Sachs, Hertz Global Holdings, Inc. (HTZ) had its price target lowered by Deutsche Bank, and SP Plus Corporation (SP) reported downbeat quarterly earnings but overall strong annual performance.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:17 pm

SP Plus Corporation has been selected to manage the new on-street parking system for the City of Jackson, Mississippi. This development could enhance the company's revenue stream and solidify its presence in the parking management sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:38 pm

SP Plus (NYSE:SP) has seen a 13.99% increase in short interest since its last report, with 1.30 million shares sold short, representing 6.68% of its float. This indicates a bearish market sentiment, as short selling suggests investors are betting on the stock's decline. However, an increase in short interest can sometimes be bullish, as covering short positions can drive the stock price up. SP Plus has a higher short interest compared to its peer group average of 2.80%, suggesting more bearish sentiment towards it than its peers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:45 pm

In Thursday's after-market session, several industrials stocks saw significant movements. Expion360, ESGL Holdings, American Rebel Holdings, Staffing 360 Solutions, Momentus, and SKYX Platforms were among the gainers, with increases ranging from 4.58% to 6.72%. On the downside, Energous, Singularity Future Tech, Quhuo, Pineapple Energy, Earlyworks Co, and SP Plus experienced declines between 3.74% and 14.8%. Notably, Expion360, Energous, and Pineapple Energy released their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:31 pm

SP Plus (NYSE:SP) has seen a 12.5% decrease in short interest, now at 1.09 million shares or 5.6% of float, taking 6.2 days on average to cover. This decline in short interest may indicate a more bullish sentiment towards SP Plus compared to its peers, where the average short interest is 3.08% of float.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:15 pm

SP Plus (NASDAQ:SP) reported Q4 2023 adjusted EPS of $0.60, missing the $0.85 estimate, and sales of $217.20M, below the $228.00M estimate. This represents a 5.23% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:50 pm

SP Plus (NYSE:SP) has seen a 12.5% decrease in short interest since its last report, with 1.09 million shares sold short, representing 5.6% of its float. This indicates a shift in market sentiment towards more bullish views. The current short interest is significantly higher than its peer group average of 2.71%, suggesting SP Plus is more heavily shorted compared to its peers. The article highlights the importance of tracking short interest as it reflects market sentiment and can influence stock price movements.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 8:30 pm

SP Plus Corporation (NASDAQ:SP) stockholders have overwhelmingly approved the merger with Metropolis Technologies, with 99.94% of votes in favor. This merger will result in SP Plus becoming a wholly owned subsidiary of Metropolis, with SP+ stockholders receiving $54.00 per share in cash. The merger's completion is pending certain conditions, including regulatory approval under the HSR Act. Both companies are cooperating with the DOJ following a 'Second Request' for additional information.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:13 pm

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