Equities analysts expect GP Strategies Corporation (NYSE:GPX) to report $126.37 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for GP Strategies Corporation’s earnings. The lowest sales estimate is $123.00 million and the highest is $129.62 million. GP Strategies Corporation reported sales of $121.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The company is expected to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that GP Strategies Corporation will report full-year sales of $126.37 million for the current year, with estimates ranging from $507.45 million to $522.65 million. For the next fiscal year, analysts forecast that the business will report sales of $553.44 million per share, with estimates ranging from $532.82 million to $568.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover GP Strategies Corporation.
GP Strategies Corporation (NYSE:GPX) last announced its earnings results on Thursday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The business had revenue of $131.16 million for the quarter, compared to analyst estimates of $131.20 million. During the same quarter last year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.
A number of brokerages have recently issued reports on GPX. B. Riley reiterated a “neutral” rating and issued a $27.00 price target on shares of GP Strategies Corporation in a report on Friday, April 28th. Zacks Investment Research upgraded shares of GP Strategies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Friday. Barrington Research increased their price target on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday. Finally, BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $29.50.
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Shares of GP Strategies Corporation (NYSE GPX) traded up 3.80% during mid-day trading on Friday, hitting $28.65. 46,000 shares of the stock traded hands. GP Strategies Corporation has a 12-month low of $20.49 and a 12-month high of $30.00. The firm has a market cap of $479.17 million, a price-to-earnings ratio of 22.38 and a beta of 0.91. The firm’s 50 day moving average price is $26.54 and its 200 day moving average price is $25.62.
In related news, insider Karl Baer sold 1,561 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $25.05, for a total value of $39,103.05. Following the sale, the insider now directly owns 14,644 shares of the company’s stock, valued at approximately $366,832.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott N. Greenberg acquired 1,666 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average cost of $23.21 per share, for a total transaction of $38,667.86. Following the completion of the purchase, the chief executive officer now owns 149,388 shares in the company, valued at approximately $3,467,295.48. The disclosure for this purchase can be found here. 25.70% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of GP Strategies Corporation by 2.8% in the fourth quarter. State Street Corp now owns 209,264 shares of the company’s stock worth $5,981,000 after buying an additional 5,644 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of GP Strategies Corporation by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 930,763 shares of the company’s stock worth $26,620,000 after buying an additional 9,343 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of GP Strategies Corporation by 35.3% in the first quarter. CAPROCK Group Inc. now owns 18,400 shares of the company’s stock worth $466,000 after buying an additional 4,800 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of GP Strategies Corporation by 1.1% in the first quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock worth $402,000 after buying an additional 175 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of GP Strategies Corporation by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 213,438 shares of the company’s stock worth $5,400,000 after buying an additional 12,510 shares during the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.
About GP Strategies Corporation
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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