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

SP Plus (NYSE:SP) has seen a decrease in short interest, with 1.25 million shares sold short, representing 6.4% of its float. This is a decline of 3.47% from its last report, requiring 8.44 days on average for traders to cover their short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. SP Plus has a higher short interest compared to its peer group average of 2.75%, indicating more bearish sentiment towards it than its peers.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 1:30 pm

Taiwan's Defense Ministry issued an apology for a false emergency alert sent to cellphones, which mistakenly identified a Chinese satellite launch as a missile flyover in Taiwan's airspace.

Portfolio Pulse from Charles Gross

January 09, 2024 | 10:17 am

Four industrial stocks, SP Plus Corporation (SP), Leidos Holdings, Inc. (LDOS), RTX Corporation (RTX), and HNI Corporation (HNI), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may be overvalued. All four companies recently reported better-than-expected Q3 results.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 12:50 pm

SP Plus (NASDAQ:SP) reported Q3 2023 earnings of $0.79 per share, beating the analyst consensus estimate of $0.73 by 8.22%. However, this is a 1.25% decrease from the same period last year. The company also reported quarterly sales of $228.40 million, surpassing the analyst consensus estimate of $219.54 million by 4.04%, but this is a 43.52% decrease from the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 01, 2023 | 8:29 pm

SP Plus (NASDAQ:SP) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $0.73. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $50.23, up 40.36% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:01 pm

Four industrial stocks, SP Plus Corporation (SP), Textainer Group Holdings Limited (TGH), Navios Maritime Holdings Inc. (NM), and CoreCivic, Inc. (CXW), are considered overbought and may plunge in Q4. SP Plus and Textainer Group are to be acquired by Metropolis Technologies and Stonepeak respectively. Navios Maritime is to be acquired by N Logistics Holdings. CoreCivic is expected to release its Q3 2023 financial results on Nov. 6, 2023.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 11:23 am

Barrington Research analyst Kevin Steinke has downgraded SP Plus (NASDAQ:SP) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:22 pm

SP Plus Corporation has launched its AeroParker online booking reservation system at airports in Illinois, Kentucky, South Dakota, and Texas. This move is expected to enhance the company's service offerings and potentially increase its revenue.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:11 pm

William Blair analyst Tim Mulrooney has downgraded SP Plus (NASDAQ:SP) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 9:24 am

U.S. stocks traded slightly lower with the Dow Jones index falling around 40 points. ConAgra Brands Inc (CAG) reported better-than-expected earnings for its first quarter. Orchard Therapeutics (ORTX) shares shot up 98% after agreeing to be acquired by Japan's Kyowa Kirin. Lamb Weston Holdings (LW) and SP Plus Corporation (SP) also saw significant increases in share prices. Cambium Networks Corporation (CMBM), Rivian Automotive (RIVN), and MaxCyte (MXCT) shares dropped significantly due to disappointing financial results and outlooks.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 6:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.